Solvency II will be subject to a number of European Commission reviews in its first years, providing opportunities for industry to seek changes to provisions that do not work properly:

  • By 31 December 2017 – an assessment of the application of group supervision (Article 242). 
  • By 31 December 2018 – an assessment of the benefits of enhancing group supervision and capital management within a group (Article 242). 
  • By 31 December 2018 – a review of methods, assumptions and standard parameters used when calculating the SCR with the standard formula (Delegated Regulation Recital 150). 
  • By 31 December 2020 – a further assessment of the methods, assumptions and standard parameters used when calculating the SCR standard formula (Article 111). 
  • An annual report until 1 January 2021 – by EIOPA on the Long-term Guarantee Package.

Tools

Tutorial

Solvency II Online Tutorial Want to learn more about Solvency II? Access our interactive online Solvency II tutorial.

Glossary

Solvency II Glossary Our Solvency II glossary simplifies some of the key terms relating to Solvency II.