Solvency II: Supervisory Review Process

Factsheet

De Nederlandsche Bank is required to disclose supervisory information in line with article 31 of the Solvency II Directive (2009/138/EU).

Published: 23 December 2022

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

Statistical data

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.