Examples of Solvency II Directive in a sentence
The Solvency II Directive sets out the prudential framework for insurance companies.
Insurance Undertaking has the meaning ascribed to it in the Solvency II Directive.
EIOPA identified additional practices that should be adopted by insurance companies to ensure that sustainability risks are duly taken into account in companies’ risk management.On that basis, the Commission could consider clarifications of insurers’ obligations as part of the review of the Solvency II Directive.
Where applicable, its scope includes the statutory accounts, which implies a strong interplay with National Legal Frameworks pertaining to insurance contract obligations, dividend distribution, taxation and prudential requirements applicable to small entities outside the scope of the Solvency II Directive.
Unlike in the banking sector where prudential requirements and ratios are based on accounting values, the Solvency II Directive applicable from 2016 includes dedicated measurement principles and public disclosure requirements independent from accounting standards.