Risk ManagementEuropean Union
Solvency II
Directive 2009/138/EC of the European Parliament and Council on the taking-up and pursuit of the business of Insurance and Reinsurance. Establishes a risk-based regulatory framework for EU insurance and reinsurance companies built on three pillars: quantitative requirements (capital, valuation), governance and risk management, and reporting and disclosure.
Domains
Group Supervision
Pillar 3 Reporting
Pillar 2 Governance
Pillar 1 Quantitative
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Frequently Asked Questions
What is Solvency II?
Directive 2009/138/EC of the European Parliament and Council on the taking-up and pursuit of the business of Insurance and Reinsurance. Establishes a risk-based regulatory framework for EU insurance and reinsurance companies built on three pillars: quantitative requirements (capital, valuation), governance and risk management, and reporting and disclosure.
How many controls does Solvency II have?
Solvency II contains 4 controls organized across 4 domains.
Where does Solvency II apply?
Solvency II is applicable in European Union. Organizations operating in or serving customers in this jurisdiction should evaluate its requirements.
How do I get started with Solvency II compliance?
Start by understanding the framework's key controls and domains. Our compliance platform provides AI-powered gap analysis and mapping tools to help you assess your current posture and build a remediation plan.
How ready are you for Solvency II?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.