DIRECTIVE 2009/138/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)

This directive establishes a harmonised prudential framework for insurance and reinsurance companies across the EU. It aims to ensure the financial stability of these companies and protect policyholders by setting robust capital requirements and governance standards. The rules affect insurance and reinsurance undertakings operating within the EU, impacting their capital adequacy, risk management, and supervisory reporting. This promotes a more integrated and secure insurance market.