Solvency II-Review was initiated in February 2019 with Commission's request for technical advice to EIOPA. In November 2024 European Parliament and Council have now adopted the amended Solvency II-Directive and the Insurance Recovery and Resolution Directive as well. Within 24 months after publication in the Official Journal of the European Union, member states will have to amend national law to achieve compliance with this new regulation. Entry into force could be January 2027. The Directive is a Level1 document in the hierarchy of the Solvency II framework. Commission is empowered to lay down technical details in Delegated Regulation or Technical Standards to complete the prudential framework. Existing delegated regulation, regulatory or implementing technical standards and Guidelines will need amendments as well.

A considerable number of consultation papers has already been published. More can be expected in the following months.

These and more general topics affecting the task of actuaries will be discussed as well.

This web session will deal with the following topics: