European Insurance and Occupational Pensions Authority launches consultations on revised Solvency II guidelines for group solvency and reporting and disclosure

The European Insurance and Occupational Pensions Authority (EIOPA) has opened two consultations on draft revised Guidelines covering group solvency and supervisory reporting and public disclosure, as part of its review of existing guidance to align with the amended Solvency II framework. The drafts also aim to streamline and simplify the Guidelines to reduce complexity for undertakings and supervisors while maintaining effective supervision. For group solvency, the revised Guidelines update the 2015 text to reflect the amended Solvency II framework and to further clarify solvency calculations; EIOPA proposes deleting content considered redundant, unclear, or inconsistent with the legal framework, reducing the number of individual Guidelines by 63%. For reporting and public disclosure, the 2015 Guidelines specifying minimum content for parts of Regular Supervisory Reports and Solvency and Financial Condition Reports are updated to reflect Solvency II review changes, including a new SFCR structure, with proposed deletions leading to a 44% reduction in individual Guidelines. Across both sets, EIOPA frames the changes as clarifications and streamlining that do not introduce new guidance or lower supervisory expectations. Stakeholders can respond to the consultation questions via EIOPA’s online surveys by 27 February 2026, and responses will be published on EIOPA’s website unless respondents request otherwise.