In June 2019 EIOPA commenced the 2020 review of Solvency II when it published the first wave of consultation papers. The topics in scope were supervisory reporting and public disclosure, and national insurance guarantee schemes.
In October 2019 EIOPA issued a second wave of consultation covering a wide range of areas. A briefing note giving a high level summary of this second wave of consultation is available here.
More detailed briefing notes on each of the following areas are available as follows:
In total, the consultation paper ran to almost 900 pages. Since its publication, we have been working to summarise the various proposals that EIOPA has put forward. We have prepared a series of briefing notes, which address each of the key areas. We hope you will find them to be useful when assessing the potential impact of the 2020 review.
EIOPA has indicated that it will provide its final proposals to the European Commission in June 2020 . In the meantime, an impact assessment is planned for March 2020 . We are keenly watching these developments and we will keep you updated over the coming months.