Solvency II: Everything advisers need to know

Now that 2016 is upon us Solvency II, the European Union (EU) insurance focused directive, is officially in force. It comes with important implications for product providers and financial advisers. After initial uncertainty as to how Solvency II would apply to the health cash plans market, it has brought about significant change. Solvency II is the EU Directive that is designed to harmonise EU insurance regulation across member states, in particular, the amount of capital that EU insurance companies must hold to reduce their risk of insolvency.   Three pillars The legislation i...