What authorisation do I need?

Consult the flow chart below to quickly determine what authorisation you need for the proposed activities.

Bear in mind the following:

• holders of Solvency II Basic authorisation are not permitted to pursue activities abroad (no single licence);
• Solvency II opt-in: life insurers and non-life insurers not governed by the Solvency II Directive may apply for Solvency II authorisation on their own initiative;
• large prepaid funeral services insurers may opt to apply for Solvency II (life insurer) authorisation; and
• non-life insurers and funeral expenses and benefits in kind insurer with limited risk may be exempted from prudential supervision under certain conditions. The conditions of the Exemption Regulation are set out on our website (http://www.toezicht.dnb.nl/en/2/51-234334.jsp).

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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