Solvency II: overview | Practical Law
The Solvency II Directive (2009/138/EC) provides the framework for a solvency and supervisory regime for insurers and reinsurers in the EU. It also consolidates, with some amendments, a number of previous insurance and reinsurance Directives. The Solvency II Directive came into force on 6 January 2010. Member states had to transpose the new regime by 31 March 2015 and firms had to implement it from 1 January 2016.