Change and progress
Related Milliman insight
EIOPA consultations and the Solvency II review
Several EIOPA consultation papers have been published and we have summarised these in our briefing notes.

Solvency II Review - November 2024
This webinar provided an overview of the recent developments we have seen in relation to the ongoing Solvency II review.
Analysis of Solvency and Financial Condition Reports: Year-end 2024 — Life insurers based in Ireland
Our analysis highlights key trends in premiums, solvency and international exposure.
Analysis of Solvency and Financial Condition Reports: Year-end 2023 — Life insurers based in Ireland
We discuss Irish market coverage and underlying data, analysis of premiums, investments and solvency coverage, and long-term guarantee and transitional measures.
Solvency II Reporting: Year-end 2024 and beyond
We have prepared a timeline below summarising the reporting requirements in 2025 for both solo entities and groups (assuming a year-end reporting date of 31 December 2024).
Mass lapse reinsurance: An effective risk management tool
An overview and key considerations for (re)insurers
Navigating the new volatility adjustment framework
We explore the new supervisory approval requirements, the overhaul of the VA mechanism, and the introduction of new components such as the CSSR.
Prudent Person Principle for (Re)insurers
Are your investment and risk management policies up to the challenge?
Shareholder Value reporting in Europe: Solvency II based metrics
Our 2024 annual summary of Solvency II-based metrics details last year’s results and gives insight on key themes in reporting.
Consequences of Solvency II extrapolation methods in the higher interest rate environment
Evaluation of the implications of a change in extrapolation method at higher interest rate levels
Review of Solvency II update: Policy Statements 2/24 and 3/24
This paper gives an overview of the policy statements, including the key changes following the consultation period.
Effectiveness of capital light traditional products, and how they might evolve with the arrival of IFRS 17
In this brief discussion paper, we analyze how companies' business choices have changed with the introduction of Solvency II....