Solvency II splits into three pillars, and the one that lands on a compliance or risk function is Pillar 2, the system of governance. Capital and reporting stay with the actuarial and reporting tools that produce them; governance is what a supervisor tests as a process. Confirm scope first, then work through Articles 41 to 49: risk management, the ORSA, the four key functions, fit and proper and outsourcing. The ORSA is where reviews concentrate, so treat it as a repeatable process with a board approved policy and a record of each run. Score the whole system against a checklist before you choose software, and plan for the changes that arrive on 30 January 2027.
6 pages on Solvency II, in the order the work happens. Jump to the stage you are at, or read straight through.
Place your undertaking in scope, separate the governance work from the capital and reporting work, and know what each of Articles 41 to 49 asks for.
Run the ORSA as a process a supervisor can test, and score your system of governance against the 45 items before the review does.
Tell the three tool categories apart and judge a Pillar 2 governance platform on what it has to cover.
The free compliance check runs the Solvency II gap assessment in about five minutes and gives you a scored report you can take to a board meeting.
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