Insurance EuropeInsurance Europe
Solvency II

A new risk-based regime for Europe

As of 1 January 2016, Europe’s insurers are governed by a new set of rules called Solvency II. These rules aim to ensure that policyholders throughout the European Union enjoy the same level of protection, no matter where they buy insurance.  

Europe’s insurers have played a significant role in the development of these new rules and welcome their aims. However, insurers remain concerned that certain elements within Solvency II will produce unintended consequences, which could ultimately harm both insurers and their policyholders.

For example, the new rules unnecessarily increase the cost of making long-term investments. This reduces insurers’ ability to make such investments, which are crucial for providing good returns to our policyholders, and which underpin economic growth and stability in Europe.

Through engagement with policymakers and supervisors, however, Insurance Europe is working to ensure that the rules are adjusted so that Solvency II works as planned and unintended consequences are avoided. It is hoped that some of these improvements will be included in actions related to the Capital Markets Union project, and that others as part of Solvency II's review processes.

Related statistics
European insurers investment portfolio
TotalLife insurers' investment portfolioNon-life insurers' investment portfolio
200446821107
200553061192
200656571287
200759491348
200855011337
200961011350
201065021365
201165151404
201270631520
201373001554
201479051665
201581651694
Colour#82c55b#002957
url/node/4421/node/4401
Stacked Column

Hover over the bars for each data point, or click on a bar to see life or non-life premiums by country data.

Notes:
Nominal growth at constant exchange rates
For ES, the total insurers’ investment portfolio is greater than the sum of the life & non-life insurers’ portfolios because unaffected investment is included in the total
For LI, figures include cross-border business
For LU, figures are from the Commissariat aux Luxembourg and include cross-border business
Size of the sample (as % of total premiums): 99.7%

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