Regulation on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)

This procedure establishes detailed technical rules to supplement the Solvency II framework. It aims to ensure that insurance and reinsurance companies hold enough capital to cover their risks, protecting policyholders and maintaining the stability of the EU financial system.

This affects insurance companies, reinsurers, and financial supervisors. It changes how these firms calculate their capital requirements and report their financial health to regulators.