EIOPA provided its technical advice in form of an Opinion on 17 December 2020.
GO TO THE OPINION ON THE 2020 REVIEW
Background information
Since January 2016, the EU (re) insurers are governed by the Solvency II regulatory regime. Gradual reviews have been undertaken since then to ensure that the regime remains fit for purpose. EIOPA supports the ex-post evaluation of the regulatory regime as an important element of better regulation by contributing to a rigorous, evidence-based and transparent review of Solvency II.
In an early first phase, the Commission adapted the Solvency II Delegated Regulation to review the treatment of infrastructure investments and the treatment of simple, transparent and standardised (STS) securitisation.
Following that, EIOPA provided advice on the review of the Solvency Capital Requirement Standard Formula.
The European Commission has asked EIOPA to provide technical advice for a comprehensive review of the Solvency II Directive
Reference pages
Opinion on the 2020 review of Solvency II
Prudent Harmonized Reduced Set of Scenarios - First information request
Prudent Harmonized Reduced Set of Scenarios - Second information request
Consultation Paper on the Opinion on the 2020 review of Solvency II
Consultation on supervisory reporting and public disclosure
Solvency II review: information request from national supervisory authorities
Complementary information request on the holistic impact assessment of the Solvency II review
Information request to insurance and reinsurance undertakings and groups - 2019
Consultation on Advice on the harmonisation of national insurance guarantee schemes
Letter to the European Commission on the amendment to background impact assessment