The Solvency II Delegated Regulation stipulates the requirements for an outsourcing arrangement (Art. 274), and requires in particular for the outsourcing of critical or important operational functions or activities, a detailed examination of the ability, capacity and any authorisations required by law to deliver the required functions or activities satisfactorily.
The investment of assets or portfolio management, risk management or actuarial support, the provision of regular compliance advice can be considered to be critical or important operational activities (see Final Report on EIOPA Guidelines on Governance, explanatory text to GL 60, EIOPA-BoS-14/253, page 100).  Proportionate to the responsibilities of the provider, a requirement may involve a professional license.