EIOPA Finalises Solvency II Review: What Changes in 2027
On 15 July 2026, EIOPA announced it had completed its Solvency II Review mandate, publishing eight sets of guidelines and draft technical standards covering new supervisory liquidity powers, a revised risk margin "lambda factor," and clarified matching adjustment diversification rules. The revised framework enters into force on 30 January 2027 — giving insurers, reinsurers and their supervisors roughly six months to align internal models, reporting templates and governance processes with the finalised text.
Solvency II: Present and Future, edited by Karel Van Hulle (the European Commission official who led Solvency II's original development), Helmut Gründl (Chair of Insurance, Goethe University Frankfurt) and Mirko Kraft (Professor of Insurance Management, Coburg University), is the first major academic volume to take in both the established three-pillar regime and this newly finalised review. Across 22 chapters and six parts, it moves from first principles through quantitative and qualitative requirements, disclosure, group supervision, and the special issues — systemic risk, recovery and resolution, portfolio transfers — that the 2027 reforms directly touch.
For teams working through the transition, the volume is useful in at least three concrete ways. Risk and actuarial teams recalibrating internal capital models can use the quantitative-requirements chapters to understand how the new lambda factor changes risk margin sensitivity to interest rates. Compliance and governance staff preparing for the new supervisory liquidity powers — including the circumstances under which regulators can now temporarily suspend policyholder redemption rights — will find the qualitative-requirements and group-supervision chapters directly relevant. And groups supervised across multiple regimes can use the book's comparative chapters to reconcile Solvency II against IFRS 17, the Insurance Capital Standard, Solvency UK and the Swiss Solvency Test, rather than treating each framework in isolation.
For law and business libraries building or maintaining an insurance regulation collection, this is a natural core acquisition: it is edited by the people who designed and now interpret the regime, current through the 2026 review, and structured so that a single volume can support both a practitioner reading for a specific rule change and a student or researcher working through the framework from first principles.
CLNZ Books ships this title worldwide, with pricing that already includes international courier delivery, secure payment by card or PayPal, and institutional invoicing available on request for libraries and firms.
Q&A
Q: What is Solvency II and why does it matter to insurers outside the EU?
A: Solvency II is the European Union's risk-based prudential framework for insurance and reinsurance undertakings. Its three-pillar structure has become a global reference point, shaping comparable regimes such as Solvency UK and informing discussions around the Insurance Capital Standard.
Q: What changed in the Solvency II Review, and when does it take effect?
A: EIOPA completed its Solvency II Review mandate on 15 July 2026, publishing new liquidity management powers, a risk margin "lambda factor," and clarified matching adjustment diversification rules. The revised framework enters into force on 30 January 2027.
Q: How does Solvency II compare with IFRS 17 and other international regimes?
A: Solvency II: Present and Future situates the regime directly alongside IFRS 17, the Insurance Capital Standard, Solvency UK and the Swiss Solvency Test, helping practitioners at internationally active insurance groups reconcile prudential and accounting requirements across jurisdictions.
Q: Who are the editors of Solvency II: Present and Future?
A: Karel Van Hulle, Helmut Gründl and Mirko Kraft — respectively the former European Commission official who led Solvency II's original development, the Chair of Insurance at Goethe University Frankfurt, and a member of EIOPA's Insurance and Reinsurance Stakeholder Group.
Q: Where can I buy Solvency II: Present and Future?
A: Solvency II: Present and Future is available now from CLNZ Books, Bookseller for Professionals Worldwide, with pricing that includes worldwide shipping.