Insurance Europe welcomes today’s publication of the proposed Delegated Act amending the Solvency II Delegated Regulation by the European Commission.
The proposal introduces several targeted adjustments compared to the draft consulted in July 2025. These changes contribute to greater regulatory stability, reduce volatility, and alleviate some of the additional burdens introduced by the broader Solvency II review.
Importantly, the Commission has refined its methodologies for extrapolating long-term interest rates and calculating the volatility adjustment – two key parameters that significantly impact insurers’ ability to conduct long-term business. The final text also confirms reductions to the risk margin and removes some of the new burdensome provisions for insurance groups.
Insurance Europe view these developments as a positive step toward a more effective and forward-looking prudential framework that supports long-term investment and strengthen European competitiveness.
“The publication of the final proposal for the Delegated Act provides welcome clarity for insurers and marks a constructive step towards a Solvency II framework that supports the Commission’s SIU strategy and enables Europe’s insurers to invest with greater confidence in the economy,” said Angus Scorgie, Head of Prudential Regulation and International Affairs.
“This is great news for the European economy, as it enables insurers to invest with greater confidence and play a stronger role in financing long-term growth. We look forward to continuing our dialogue with the European Parliament and the Council, as well as EIOPA once the act is adopted, to ensure a smooth and consistent implementation across the EU.”