The European Insurance and Occupational Pensions Authority (EIOPA) launched today a public consultation on its proposal to shorten 13 sets of Guidelines under Solvency II to support the objective of simplifying regulation and reducing administrative burdens in the EU.
The consultation launched today concerns Guidelines covering various aspects of the Solvency II framework, including Pillar I topics and important Pillar II areas such as the system of governance and (re)insurers’ Own Risk and Solvency Assessment (ORSA).
In line with EIOPA’s approach to support regulatory simplification in a comprehensive and balanced way – including by reducing the length of existing Solvency II Guidelines by at least 25% where possible – the consultation paper proposes to meaningfully shorten 13 sets of industry-relevant Guidelines, which together contain 294 individual guidelines. These proposed simplifications follow the previous streamlining of nine other sets of Solvency II Guidelines, in most cases with reductions well beyond the 25% benchmark.
The consultation paper has a limited scope and focuses exclusively on shortening. While proposals for new or amended guidelines were considered, EIOPA did not identity major gaps that would have required immediate intervention at this stage. However, EIOPA may in the future discuss the need to review Guidelines as part of the ongoing fitness check of the rulebook’s effectiveness and consistency.
Responding to the consultation
EIOPA invites stakeholders to provide their feedback on the consultation paper by responding to the questions via the online survey no later than 8 July 2026. All responses will be published on EIOPA’s website unless otherwise requested.
Details
- Publication date
- 15 April 2026