This autumn, we are launching a new application for Solvency II insurers in My DNB: Dataloop. The application offers you an improved user experience to interact with us, and it enables us to assess the data quality of reports more efficiently.Read more
Solvency II: Supervisory Review Process
Published: 23 December 2022
De Nederlandsche Bank is required to disclose supervisory information in line with article 31 of the Solvency II Directive (2009/138/EU).
The supervisory information contains three sections
- Rules and guidance
- Statistical data
- Supervisory review and criteria and methods used in the supervisory process
Rules and guidance
The Solvency II Directive has entered into force on 1 January 2016 and imposes requirements on the supervisory approach taken by national supervisory authorities. In this context, DNB applies the EIOPA guidelines on the supervisory review process in its supervisory approach.
Laws and regulations adopted by the Netherlands to implement the provisions of Directive 2015/35/EU, Regulation (EC) No 2009/138, These texts outline the basic legislative and regulatory framework for supervised insurers. See: Regulatory framework
Administrative rules. For the purposes of supervisory disclosure ‘administrative rules’ refers to documents that give guidance to supervised entities on how to satisfy legislative and regulatory requirements See: Supervision of Insurers.
Regulation (EC) No 2009/138, contains a large number of options and national discretions which may be applied on the basis of national circumstances. This section shows how these options and national discretions are exercised in the Netherlands. See table B: Staatsblad 2015, 308 | Overheid.nl > Officiële bekendmakingen
This section displays aggregate statistical data on key aspects of the implementation of the prudential framework in the Netherlands. The disclosures include national statistical data on the insurance sector, credit risk, operational risk, market risk, and supervisory actions and measures. See: Statistics
Supervisory review and the criteria and methods used in the supervisory process
This section covers the general criteria and methodologies used by de Nederlandsche Bank in the Supervisory Review and Evaluation Process. See: Brochure ATM.
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