The Portuguese Insurance Regulator held a technical session for representatives of insurers under its prudential supervision on the changes to the Solvency II regime, marking the start of a preparatory phase for implementing the revised regulatory framework. The authority framed the upcoming changes as part of a modernization and simplification of the prudential regime while maintaining prudential safeguards. The session covered an overview of the Solvency II amendments, the new proportionality regime and the prudential supervisory approach to implementing the new provisions. In opening remarks, ASF President Gabriel Bernardino linked the revision to the authority's strategic priorities and to challenges facing the insurance sector. Closing the event, Vice-President Rui Nuno Baleiras reiterated the importance of sound risk management in supporting insurers' financial resilience and protecting policyholders.
Portuguese Insurance Regulator (ASF)2026-07-10
Portuguese Insurance Regulator opens preparatory phase for Solvency II revision with industry technical session
The Portuguese Insurance Regulator held a technical session with supervised insurers on the Solvency II revisions and said it marks the start of a preparatory phase for implementation. The event focused on the main amendments, the new proportionality regime and the supervisory perspective on applying the new rules. ASF also linked the review to modernization of the prudential framework while preserving prudence.