New proportionality framework under Solvency II

EIOPA is pleased to announce a public event dedicated to the new proportionality framework introduced under the revised Solvency II Directive, taking place on 1 July 2026.

The recent review of the Solvency II Directive marks an important step towards enhancing the effective application of the proportionality principle within the prudential framework for European (re)insurers. The new framework is designed to ensure that regulatory requirements are effectively applied in a manner that appropriately reflects the nature, scale, and complexity of risks faced by undertakings. For those eligible, this will lead to a more proportionate application of key quantitative and qualitative requirements.

Through this event, EIOPA aims to engage with stakeholders (i.e. industry, Supervisors, etc.) on the full scope of the new proportionality framework. The event will also feature contributions from National Competent Authorities (NCAs), who will share their practical experience in implementing the framework.

On the one hand, the event will explore the introduction of a new category of small and non-complex undertakings (SNCUs) and groups (SNCGs). These entities are identified based on a defined set of quantitative and qualitative criteria, which must be met consistently over two consecutive financial years. EIOPA will also use this opportunity to present its recently published technical specifications for the calculation of these criteria and the expected impact on the market.

On the other hand, the framework also empowers supervisory authorities to grant (or withdraw) proportionality measures to undertakings that do not formally meet the SNC criteria but demonstrate a risk profile that justifies a proportionate treatment. In this context, EIOPA will provide an overview of the key conditions for granting such measures, in line with the EIOPA advice on proportionality and the revised Solvency II Delegated Regulation.

Please find below the draft agenda of the event: