The European Insurance and Occupational Pensions Authority has opened a public consultation on a proposal to shorten 13 sets of Solvency II Guidelines, aiming to simplify regulation and reduce administrative burdens. The Guidelines in scope cover a range of Solvency II topics, including Pillar I areas and key Pillar II requirements such as the system of governance and (re)insurers’ Own Risk and Solvency Assessment (ORSA). The consultation proposes to meaningfully reduce the length of the 13 industry-relevant Guidelines, which collectively contain 294 individual guidelines, with a benchmark of at least a 25% reduction where possible. The exercise is limited to shortening existing text and does not introduce new or substantively amended guidelines, as no major gaps were identified as requiring immediate intervention, although further reviews may be considered as part of the ongoing fitness check of the rulebook. Stakeholders can respond via EIOPA’s online survey by 8 July 2026, with responses to be published on EIOPA’s website unless confidentiality is requested.
European Insurance and Occupational Pensions Authority 2026-04-15
European Insurance and Occupational Pensions Authority launches consultation to shorten 13 Solvency II guideline sets
The European Insurance and Occupational Pensions Authority has launched a consultation on proposals to shorten 13 sets of Solvency II Guidelines to simplify regulation and reduce administrative burdens, covering Pillar I topics and key Pillar II requirements including system of governance and Own Risk and Solvency Assessment. The initiative targets at least a 25% reduction in the length of the 294 guidelines, limited to streamlining existing text without introducing new or substantively amended guidelines, with further reviews possible under the ongoing fitness check.