The European Insurance and Occupational Pensions Authority (EIOPA) recently concluded its consultation on the new proportionality framework under the Solvency II Directive. This briefing note outlines the key provisions in the amended directive concerning proportionality and reflects the insights gathered during the consultation. These insights will inform EIOPA’s final recommendations, which are expected to be shared before the end of January 2025. Our briefing note discusses:
- Background and objective
- Key takeaways from the amended Solvency II Directive
- EIOPA consultation
- Sector responses