EIOPA Consults on Revised Solvency II Group Solvency Guidelines
Summary
The European Insurance and Occupational Pensions Authority (EIOPA) has launched consultations on revised Guidelines for group solvency calculations and supervisory reporting under Solvency II. The revisions aim to align with the amended Solvency II framework and simplify existing guidelines, proposing significant reductions in the number of individual guidelines.
What changed
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.
What to do next
- Review draft revised Guidelines on group solvency.
- Review draft revised Guidelines on reporting and public disclosure.
- Submit feedback via online surveys by February 27, 2026.
Source document (simplified)
The European Insurance and Occupational Pensions Authority (EIOPA) launched today two consultations on draft revised Guidelines on group solvency as well as on supervisory reporting and public disclosure.
In the context of the Solvency II review, EIOPA is examining all existing Guidelines to ensure their continued alignment with the amended regulatory framework. At the same time, the Guidelines are being streamlined and simplified wherever possible to reduce complexity for undertakings and supervisors, without compromising the effectiveness of supervision.
Draft revised Guidelines on group solvency
The revised Guidelines on group solvency update the original 2015 text to reflect the amended Solvency II framework and update provisions to further clarify solvency calculations. Guidelines considered redundant, unclear, or no longer consistent with the legal framework are proposed for deletion, resulting in a 63% reduction in the number of individual Guidelines.
Draft revised Guidelines on reporting and public disclosure
The Guidelines on reporting and public disclosure have since 2015 specified the minimum content of certain sections to be included in Regular Supervisory Reports (RSR) and Solvency and Financial Condition Reports (SFCR). Given amendments from the Solvency II review, in particular the introduction of a new SFCR structure, the Guidelines required an update. As with the group solvency Guidelines, provisions considered redundant, insufficiently clear or no longer consistent with the revised legal framework are proposed for deletion, leading to a 44% reduction in the number of individual Guidelines.
The proposed amendments to both sets of Guidelines are intended to provide clarification and streamline existing material, without reducing supervisory expectations. They do not introduce new guidance on the application of the legal framework.
Consultation Process
EIOPA invites stakeholders to provide their feedback on the consultation papers by responding to the questions via the online surveys no later than February 27, 2026. All responses will be published on EIOPA’s website unless otherwise requested.
Details
Publication date 5 December 2025
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