2017-06-26
Added · Updated
The document establishes a flow chart and criteria to determine whether insurance activities require Solvency II authorisation or a Basic authorisation. It specifies that Solvency II Basic authorisation holders are prohibited from pursuing activities abroad and outlines opt-in possibilities for life insurers, non-life insurers, and large prepaid funeral services insurers. Entities may be exempted from prudential supervision if they meet specific numeric thresholds, including gross premium income below EUR 5 million, aggregate technical provisions below EUR 25 million, and reinsurance premium income below EUR 0.5 million.
DNB published 1 document in the last 30 days — get each new one by email the day it lands.
Consult the flow chart below to quickly determine what authorisation you need for the proposed activities.
Bear in mind the following:
| Reinsurance | |||
| 10A. Motor Vehicle Liability | |||
| 10B. Road Transport Liability | |||
| 11. Aircraft liability | |||
| 12. Liability for ships | |||
| 13. General liability | |||
| Non-life insurance | What class? | 14. Credit | |
| 15. Suretyship | |||
| ■ Gross premium income: < EUR 5 million a year | |||
| 1. Accident | and | ||
| 2. Health | ■ Company's aggregate technical provisions: < EUR 25 million | ||
| 3. Land vehicles | and | ||
| 4. Railway rolling stock | ■ If company is part of a group: group's aggregate technical provisions: < EUR 25 million | ||
| 5. Aircraft | and | ||
| 6. Ships | ■ Reinsurance activities, if any: < EUR 0.5 million of premium income earned | ||
| Life insurance | 7. Goods in transit | or | |
| 8. Fire and natural forces | < EUR 2.5 million of technical provisions | ||
| 9. Other damage to property | |||
| 16. Various Monetary Losses | |||
| 17. Legal Assistance | |||
| 18. Assistance | |||
| Funeral expenses and benefits in kind insurer |
NO -> Solvency II authorisation
YES -> Basic authorisation
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Source: De Nederlandsche Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works