Solvency II resources
This resources document contains links to the key source materials relating to the Solvency II project, together with related Practical Law Financial Services coverage. It is not intended to be an exhaustive list of all Solvency II materials published by interested parties.
The Solvency II Directive (2009/138/EC) (also known as Solvency 2), as amended by the Omnibus II Directive (2014/51/EU) (also known as Omnibus 2), fundamentally reforms the capital requirements for insurers and reinsurers. It establishes a more sophisticated, risk-based set of capital requirements across the EU, together with a modernised supervisory system. It is designed to provide more uniform levels of consumer protection and promote competition in the insurance market.
For Practical Law Financial Services subscribers interested in insurance and reinsurance, the following multi-jurisdictional guide is available, Insurance and Reinsurance Handbook. This guide brings together a range of information on current cross-border issues and includes country-specific Q&A guides. Each jurisdiction is described in a separate chapter, written by one of the leading firms on the subject in that jurisdiction.