The Insurance State Supervision Service of Georgia held a two-day workshop and working meeting in Tbilisi with Professor Karel van Hülle focused on the European Union’s Solvency II framework, as part of the supervisor’s work to gradually introduce a risk-based solvency system in Georgia. The session covered practical and supervisory aspects of moving to a risk-based regime, including implementation guidance for risk-based supervision and a solvency capital framework in Georgia, a step-by-step implementation approach, management system considerations, and recent changes to Solvency II regulatory norms. The Service framed the workshop as capacity building for both supervisors and the insurance sector to support the transition.
Insurance State Supervision Service of Georgia 2025-12-09
Insurance State Supervision Service of Georgia hosts Solvency II workshop to support transition to risk-based solvency
The Insurance State Supervision Service of Georgia conducted a workshop in Tbilisi with Professor Karel van Hülle on the EU's Solvency II framework, aiming to introduce a risk-based solvency system in Georgia. The session addressed practical aspects of risk-based supervision, solvency capital framework implementation, and recent Solvency II regulatory changes. This initiative is part of capacity building for supervisors and the insurance sector.