Supervision release 10 November 2026 - 54/2026

Update to solvency framework for non-life and life insurance undertakings changes EIOPA Guidelines

The Guidelines issued by the European Insurance and Occupational Pensions Authority (EIOPA) related to amendments to the Solvency II framework will apply from 30 January 2027. The Guidelines have been issued to both national supervisors and supervised entities. The Guidelines will apply to all non-life, life and reinsurance undertakings and insurance groups.

The first part includes the following Guidelines:

Guidelines on the notion of diversity for the selection of members of the administrative, management or supervisory body (EIOPA-BoS-25/392)
Guidelines on exclusion of undertakings from the scope of group supervision (EIOPA-BoS-25/525)
Guidelines on undertaking-specific parameters (EIOPA-BoS-25/249)
Guidelines on the methods for determining market shares for reporting (EIOPA-BoS-25/395)
Guidelines on the treatment of related undertakings, including participations (EIOPA-BoS-25/522)

EIOPA has updated the Guidelines to reflect regulatory changes that will enter into force in January 2027. At the same time, it has clarified the Guidelines and removed sections deemed unnecessary. As a result of the changes, the Guidelines have been shortened by an average of more than 30 per cent.

The Guidelines have been translated into Finnish with the assistance of artificial intelligence. Supervised entities should pay particular attention to the fact that the English-language version of the Guidelines is the official source. If the Finnish-language Guidelines differ from the English version, the English version takes precedence.

The Financial Supervisory Authority (FIN-FSA) has confirmed that it will comply with the Guidelines.

According to the EIOPA Regulation^1, supervised entities shall make every effort to comply with EIOPA Guidelines.

Subject matter

EIOPA’s new Guidelines on the notion of diversity for the selection of members of the administrative, management or supervisory body (EIOPA-BoS-25/392) contain requirements regarding the diversity of the administrative, management and supervisory bodies of insurance and reinsurance undertakings. Undertakings are required to, among other things, put in place a diversity policy, monitor and document their compliance with its objectives, and promote equal opportunities and anti-discrimination among personnel.

EIOPA’s new Guidelines on exclusion of undertakings from the scope of group supervision (EIOPA-BoS-25/525) address the exceptional situations where an undertaking may be excluded from the scope of group supervision as well as when exclusion is not possible.

In addition, the following EIOPA Guidelines have been revised:

Guidelines on undertaking-specific parameters (EIOPA-BoS-25/249), which repeal and replace the previous Guidelines on the subject (EIOPA-BoS-14/178)
Guidelines on the methods for determining market shares for reporting (EIOPA-BoS-25/395), which repeal and replace the previous Guidelines on the subject (EIOPA-BoS-15/106)
Guidelines on the treatment of related undertakings, including participations (EIOPA-BoS-25/522), which repeal and replace the previous Guidelines on the subject (EIOPA-BoS-14/170)