On 7 April 2026, the European Insurance and Occupational Pensions Authority (EIOPA) published a report containing the technical specification for the calculation of criteria for small and non-complex undertakings (SNCUs) and groups (SNCGs).

Background

The Solvency II Directive (2009/138/EC), as amended by the Solvency II Amending Directive ((EU) 2025/2), introduced a strengthened framework to apply the principle of proportionality to the regime. A key feature of this revised framework was the new category of SNCUs and SNCGs, which are identified on the basis of a limited set of quantitative and qualitative criteria, which must be met consistently for two consecutive financial years.

Summary

The report sets out operational guidance to undertakings and supervisory authorities to support the accurate identification of eligible undertakings and the consistent calculation of the applicable risk indicators, including:

  • Quantitative and qualitative criteria in relation to relevant eligibility requirements, including how SNCUs can satisfy all qualitative criteria set out in Articles 29a and 213a of the amended Solvency II Directive, as well as nine additional criteria depending on their activities.
  • Guidance on the treatment of solo undertakings and groups in relation to SNCGs.
  • Technical specifications for the calculation of the nine risk indicators, which are to be applied considering undertakings and groups as small and non-complex.