Solvency II Directive

E131061

The Solvency II Directive is a European Union regulatory framework that sets risk-based capital, governance, and reporting requirements for insurance and reinsurance companies operating in the EU.

All labels observed (8)

How this entity was disambiguated

Statements (52)

Predicate Object
instanceOf European Union directive ⓘ
insurance regulation ⓘ
risk-based capital framework ⓘ
adoptedBy Council of the European Union ⓘ
European Parliament ⓘ
adoptionDate 2009-11-25 ⓘ
amendedBy Omnibus II Directive ⓘ
appliesTo insurance undertakings ⓘ
reinsurance undertakings ⓘ
basedOn economic balance sheet approach ⓘ
market-consistent valuation of assets and liabilities ⓘ
risk-based capital requirements ⓘ
directiveNumber 2009/138/EC ⓘ
enteredIntoForce 2010-12-17 ⓘ
fullName Directive 2009/138/EC of the European Parliament and of the Council ⓘ
geographicalScope European Economic Area ⓘ
implementedFrom 2016-01-01 ⓘ
implementedThrough national transposition laws of EU Member States ⓘ
inspiredBy Basel II framework for banks ⓘ
introduces Minimum Capital Requirement ⓘ
Own Risk and Solvency Assessment ⓘ
Pillar 1 quantitative requirements ⓘ
Pillar 2 governance and risk management requirements ⓘ
Pillar 3 disclosure and reporting requirements ⓘ
Solvency Capital Requirement ⓘ
jurisdiction European Union ⓘ
legalBasis Article 53(1) of the Treaty on the Functioning of the European Union ⓘ
objective to create a single EU insurance market ⓘ
to enhance policyholder protection ⓘ
to ensure financial soundness of insurers ⓘ
to promote risk-based supervision ⓘ
policyholderProtection high level of consumer protection ⓘ
regulates capital adequacy of insurers ⓘ
governance of insurance undertakings ⓘ
public disclosure by insurers ⓘ
risk management systems of insurers ⓘ
supervisory reporting by insurers ⓘ
repeals Solvency I regime ⓘ
replaces First Life Insurance Directive ⓘ
First Non-Life Insurance Directive ⓘ
Second Life Insurance Directive ⓘ
Second Non-Life Insurance Directive ⓘ
Third Life Insurance Directive ⓘ
Third Non-Life Insurance Directive ⓘ
requires public disclosure of solvency and financial condition ⓘ
regular supervisory reporting ⓘ
risk-based capital calculation ⓘ
robust system of governance ⓘ
sector insurance industry ⓘ
shortName Solvency II ⓘ
supervisedBy national competent authorities ⓘ
supportedBy European Insurance and Occupational Pensions Authority ⓘ

How these facts were elicited

Referenced by (23)

Full triples — surface form annotated when it differs from this entity's canonical label.

Financial Supervisory Authority of Norway → appliesStandard → Solvency II insurance framework as implemented in Norway ⓘ
linked to: Solvency II Directive
Solvency II Directive → shortName → Solvency II ⓘ
linked to: Solvency II Directive
IORP II Directive → relatedTo → Solvency II Directive ⓘ
Directive 2009/138/EC → shortName → Solvency II Directive ⓘ
Directive 2009/138/EC → repeals → Reinsurance Directive ⓘ
linked to: Solvency II Directive
Second Life Insurance Directive → precedes → Solvency II Directive ⓘ
Second Life Insurance Directive → supersededBy → Solvency II Directive ⓘ
Third Life Insurance Directive → partOf → European Union insurance regulatory framework ⓘ
linked to: Solvency II Directive
Third Life Insurance Directive → predecessorOf → Solvency II Directive ⓘ
Third Life Insurance Directive → supersededBy → Solvency II framework ⓘ
linked to: Solvency II Directive
Third Life Insurance Directive → supersededBy → Solvency II Directive 2009/138/EC ⓘ
linked to: Solvency II Directive
Solvency Capital Requirement → partOf → Solvency II framework ⓘ
linked to: Solvency II Directive
Solvency Capital Requirement → definedIn → Solvency II Directive 2009/138/EC ⓘ
linked to: Solvency II Directive
Solvency Capital Requirement → introducedBy → Solvency II regime ⓘ
linked to: Solvency II Directive
Omnibus II Directive → amends → Solvency II Directive ⓘ
Omnibus II Directive → subject → Solvency II framework ⓘ
linked to: Solvency II Directive
BNP Paribas Cardif → subjectTo → Solvency II ⓘ
linked to: Solvency II Directive
Solvency I regime → predecessorOf → Solvency II regime ⓘ
linked to: Solvency II Directive
Third Non-Life Insurance Directive → predecessorOf → Solvency II Directive ⓘ
Third Non-Life Insurance Directive → supersededBy → Solvency II regime ⓘ
linked to: Solvency II Directive
Insurance Capital Standard → relatedStandard → Solvency II ⓘ
linked to: Solvency II Directive