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Solvency II

European Union
v2016
4 domains
4 controls

Directive 2009/138/EC of the European Parliament and Council on the taking-up and pursuit of the business of Insurance and Reinsurance. Establishes a risk-based regulatory framework for EU insurance and reinsurance companies built on three pillars: quantitative requirements (capital, valuation), governance and risk management, and reporting and disclosure. In force since 1 January 2016; regulated by EIOPA.

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Framework Domains (4)

Group Supervision

1 controls
Controls in the Group Supervision domain of Solvency II1 controls
CodeTitle
SOLVENCY-4Group Supervision and Insurance Group Capital

Pillar 1 Quantitative

1 controls
Controls in the Pillar 1 Quantitative domain of Solvency II1 controls
CodeTitle
SOLVENCY-1Pillar 1 - Quantitative: SCR + MCR + Technical Provisions

Pillar 2 Governance

1 controls
Controls in the Pillar 2 Governance domain of Solvency II1 controls
CodeTitle
SOLVENCY-2Pillar 2 - Governance, ORSA, Internal Model Governance

Pillar 3 Reporting

1 controls
Controls in the Pillar 3 Reporting domain of Solvency II1 controls
CodeTitle
SOLVENCY-3Pillar 3 - Reporting and Disclosure (SFCR + RSR + QRT)

Frequently Asked Questions

What is Solvency II?

Solvency II is a compliance framework from European Union with 4 domains and 4 controls. Directive 2009/138/EC of the European Parliament and Council on the taking-up and pursuit of the business of Insurance and Reinsurance. Establishes a risk-based regulatory framework for EU insurance and reinsurance companies built on three pillars: quantitative requirements (capital, valuation), governance and risk management, and reporting and disclosure. In force since 1 January 2016; regulated by EIOPA. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.

How many controls does Solvency II have?

Solvency II has 4 controls organised across 4 domains. The largest domains are Group Supervision (1 controls), Pillar 1 Quantitative (1 controls), Pillar 2 Governance (1 controls). Each control defines specific requirements that organisations must implement to achieve compliance.

What frameworks does Solvency II map to?

Solvency II does not currently have cross-framework mappings in our system. Check back as we continuously expand our mapping database.

How do I get started with Solvency II compliance?

Start your Solvency II compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about Solvency II requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 4 controls and track your progress.

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