The Standard Formula Podcast | The SFCR and Other Public Reporting: A Solvency II Cornerstone
Spotlight – Adoption of a new multi-year energy program ; Establishment of Confidentiality for In-House Counsel Consultations : Highlights from Our Teams “Commercial” and “Litigation” Explore all our news by topic :...more
The European Commission (EC) has issued a call for technical advice to the European Supervisory Authorities (comprising the European Banking Authority, European Insurance and Occupational Pensions Authority and European...more
In recent years, private equity firms ("PE Firms") have become important purchasers of insurance undertakings. Particular features and objectives of these purchasers have created the need for greater supervisory convergence...more
On 2 February 2026, EIOPA published its “Consultation Paper on the Supervisory Statement on the Authorisation and Ongoing Supervision of (Re-)insurance Undertakings Related to Private Equity”....more
On 27 January 2026, the European Insurance and Occupational Pensions Authority (EIOPA) provided a Consultation Paper on a Supervisory Statement addressed to national supervisory authorities with the aim of ensuring...more
On 9 December 2025, the European Insurance and Occupational Pensions Authority (EIOPA) published on its website a set of seven consultation papers to support the implementation of the Insurance Recovery and Resolution...more
Insurance sector and cybersecurity: IVASS publishes initial instructions for implementing DORA - Regulation (EU) 2022/2554, known as the Digital Operational Resilience Act (DORA), came into force on 17 January 2025,...more
The European Insurance and Occupational Pensions Authority (EIOPA) has published a Q&A under the Digital Operational Resilience Act (DORA) on the interpretation of Article 13 of Commission Delegated Regulation (EU) 2024/1774...more
In a significant stride toward strengthening digital stability in Europe’s financial sector, the European Supervisory Authorities (EBA, EIOPA, and ESMA) have, today, published the list of critical ICT third‑party service...more
This chapter discusses the European Union’s (EU’s) Solvency II (Solvency II) and the gradual divergence between that regime and what has come to be known as Solvency UK following the end of the Brexit transition period in the...more
The Guidelines aim to harmonize supervisory practices and enhance cross-sectoral consistency across the EU insurance sector regarding diversity within AMSB. The provisions are intended to expand the range of experience,...more
On 6 August 2025, EIOPA published an opinion aimed at clarifying how the interpretation of insurance regulations should be aligned with the provisions of the AI Act. The document doesn't introduce new rules but provides...more
At the recent Sustainable Finance Conference, EIOPA Chair Petra Hielkema cautioned against the European Commission’s Omnibus proposal to scale back mandatory sustainability disclosures.....more
To help organizations stay on top of the main developments in European digital compliance, Morrison Foerster’s European Digital Regulatory Compliance team reports on some of the main topical digital regulatory and compliance...more
As part of the implementation of the European Markets in Crypto-Assets Regulation (MiCA), the French Financial Markets Authority (AMF) has announced its compliance with six sets of guidelines adopted by European Supervisory...more
The briefing contains a mapping exercise and analysis of the approach taken by the European Supervisory Authorities and the U.K.’s Financial Conduct Authority to address risks or concerns relating to such greenwashing. The...more
The EU’s Digital Operational Resilience Act (DORA) becomes binding on 17 January 2025. As the compliance deadline approaches, EU financial regulators (ESAs) have issued a flurry of statements on the act, including: - An...more
The Digital Operational Resilience Act (DORA) establishes a harmonised and comprehensive framework for information and communication technology (ICT) risk management in the financial sector. It is a directly applicable EU...more
The European Supervisory Authorities (European Securities and Markets Authority, European Banking Authority, and European Insurance and Occupational Pensions Authority) and the European Central Bank have published the results...more
The European Supervisory Authorities (the European Securities and Markets Authority, European Banking Authority, and European Insurance and Occupational Pensions Authority) published joint guidelines on the system for the...more
“The Standard Formula” host Rob Chaplin is joined by Chiara Iorizzo to delve into the crucial, yet complex, public reporting component of Solvency II. This episode explores the Solvency and Financial Condition Report...more
The SFCR and Other Public Reporting - Introduction - The Solvency II regime, as legislated in the Solvency II Directive and elaborated upon in Chapter XII of the EU Commission Level 2 Delegated Regulation (2015/35), is...more
1. The Supervision Regime - Proportionality - The supervision regime is built on the principle of “proportionality,” in an effort to ensure that supervision remains effective and meets its underlying purposes without...more
Undertakings in difficulty, in the context of Solvency II, refers to insurers that are either failing or likely to fail to meet their solvency capital requirement (SCR) or their minimum capital requirement (MCR) (together,...more
Our corporate team outline the latest developments within the corporate and finance market in Bermuda including Bermuda’s Corporate Income Tax Act 2023, Cyber risk management and The Bermuda Monetary Authority's enhancements...more