2. Solvency II — Directive 2009/138/EC of the European Parliament and of the…

2.

Solvency II

Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance) · European Union

The risk-management system shall cover the risks to be included in the calculation of the Solvency Capital Requirement as set out in Article 101(4) as well as the risks which are not or not fully included in the calculation thereof. The risk-management system shall cover at least the following areas: underwriting and reserving; asset–liability management; investment, in particular derivatives and similar commitments; liquidity and concentration risk management; operational risk management; reinsurance and other risk-mitigation techniques. The written policy on risk management referred to in Article 41(3) shall comprise policies relating to points (a) to (f) of the second subparagraph of this paragraph.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.