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EU Solvency II Directive (Directive 2009/138/EC)

Establishes risk-based capital requirements, governance standards, and reporting obligations for insurance and reinsurance undertakings in the EU. Applies to insurers, reinsurers, and insurance groups.

61

Rules extracted

164

Obligations decomposed

2.7x

Avg obligations per rule

🇪🇺 European Union

Jurisdiction

About this regulation

Solvency II is the EU regulatory framework for insurance and reinsurance undertakings. It establishes risk-based capital requirements, governance standards, supervisory review processes, and disclosure requirements. The directive applies to all insurance and reinsurance undertakings established in the EU with effect from 1 January 2016, replacing 14 existing directives.

What AuditDSS covers

Source

1

Regulation

Extracted

61

Rules

Decomposed

164

Obligations

2.7x

Decomposition ratio

Each rule is decomposed into an average of 2.7 atomic obligations — the smallest testable units that can be independently violated.

Fully extracted & scored

All 164 obligations have been decomposed, titled, risk-scored, and embedded for semantic matching.

Risk scoring

Every obligation in Solvency II is scored across independent risk dimensions:

W

Obligation Weight

How critical within the regulatory framework

L

Violation Likelihood

How often breached in practice

E

Enforcement Evidence

Regulator enforcement history and penalties

C

Cascade Dependency

How many obligations depend on this one

Regulatory details

Full title
EU Solvency II Directive (Directive 2009/138/EC)
Regulatory body
European Insurance and Occupational Pensions Authority
Jurisdiction
🇪🇺 European Union
Document type
directive
Effective date
January 1, 2016
Issuing authority
European Parliament and Council of the European Union
Industry
Insurance
Official source
View source document ↗

Who this applies to

insurance undertakingsreinsurance undertakingsinsurance holding companiesmixed financial holding companiesinsurance groups

Key requirements

  • risk-based capital requirements (SCR/MCR)
  • system of governance
  • fit and proper requirements
  • risk management
  • ORSA
  • actuarial function
  • internal audit
  • outsourcing controls
  • prudent person principle
  • SFCR disclosure
  • group supervision

Frequently asked questions about Solvency II

What is Solvency II?

Solvency II is the EU regulatory framework for insurance and reinsurance undertakings. It establishes risk-based capital requirements, governance standards, supervisory review processes, and disclosure requirements. The directive applies to all insurance and reinsurance undertakings established in the EU with effect from 1 January 2016, replacing 14 existing directives.

Who does Solvency II apply to?

Solvency II applies to insurance undertakings, reinsurance undertakings, insurance holding companies, mixed financial holding companies, insurance groups.

How many obligations does Solvency II contain?

AuditDSS has decomposed Solvency II into 164 atomic obligations from 61 rules. Each obligation is independently testable and risk-scored.

What are the key requirements of Solvency II?

The key requirements include: risk-based capital requirements (SCR/MCR), system of governance, fit and proper requirements, risk management, ORSA, actuarial function, internal audit, outsourcing controls, prudent person principle, SFCR disclosure, group supervision.

How can I assess my Solvency II compliance?

Upload your compliance policy to AuditDSS. The platform maps your document against all 164 Solvency II obligations using deterministic AI scoring — not checklists or LLM summaries. You get a risk-scored gap analysis showing exactly which obligations are covered, partially covered, or missing.

Which jurisdiction enforces Solvency II?

Solvency II is enforced in European Union by European Insurance and Occupational Pensions Authority.

When did Solvency II come into effect?

Solvency II became effective on January 1, 2016.

What industry does Solvency II apply to?

Solvency II is primarily relevant to the Insurance industry. AuditDSS covers 98 regulations in this industry sector.

Build a Solvency II compliance pack

Don't have a compliance policy yet? AuditDSS generates a complete compliance pack for Solvency II — alone or combined with other regulations your business needs. Every clause is mapped to specific obligations.

Policy

High-level commitments and governance framework covering Solvency II requirements.

Procedures

Step-by-step operational procedures to implement each policy commitment.

Forms & checklists

Ready-to-use forms, registers, and checklists for day-to-day compliance operations.

Multi-regulation

Combine Solvency II with other regulations into a single unified compliance pack for your business.

Already have a policy? Assess it against Solvency II

1

Upload your document

Upload your compliance policy, program manual, or operational document. AuditDSS accepts any text-based document.

2

AI maps against 164 obligations

Your document is scored against every obligation in Solvency II. Each claim is mapped to the obligation tree and evaluated for coverage.

3

Risk-scored gap report

Receive every gap ranked by risk priority with remediation guidance, enforcement evidence, and cascade impact analysis.

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Assess your Solvency II compliance

Upload your document and get a risk-scored gap analysis against 164 Solvency II obligations in under 5 minutes.