EIOPA Consults on Revised Solvency II Group Solvency Guidelines

EIOPA has opened two public consultations regarding draft revised Guidelines for Solvency II. The first set of guidelines pertains to group solvency calculations, updating the 2015 text to reflect the amended Solvency II framework and proposing a 63% reduction in the number of individual guidelines by removing redundant or inconsistent provisions. The second set revises guidelines on reporting and public disclosure, particularly addressing changes to the Solvency and Financial Condition Report (SFCR) structure introduced by the Solvency II review, proposing a 44% reduction in guidelines.

These revisions are intended to clarify solvency calculations and reporting requirements without introducing new guidance or reducing supervisory expectations. Stakeholders, primarily insurers and related financial institutions operating within the EU, are invited to provide feedback on the consultation papers via online surveys. The deadline for submitting responses is February 27, 2026. The published responses will inform the finalization of these guidelines.