The Gibraltar Financial Services Commission has published a set of guidance notes intended to help insurers and other stakeholders navigate key aspects of the Solvency II framework. The notes cover the Own Risk and Solvency Assessment (ORSA), applying the European Insurance and Occupational Pensions Authority’s Set 2 Guidelines on Governance and ORSA, internal models including model change assessment and the role of non-executive directors, and the calculation of technical provisions and use of internal models for general insurers.
Gibraltar Financial Services Commission 2025-12-22
Gibraltar Financial Services Commission publishes Solvency II guidance notes on ORSA, governance and internal models
The Gibraltar Financial Services Commission released guidance notes to assist insurers and stakeholders with the Solvency II framework. The notes address the Own Risk and Solvency Assessment (ORSA), governance guidelines, internal models, and technical provisions for general insurers.