On 18^th June 2019, Commission Delegated Regulation (EU) 2019/981 (the Amending Regulation), which amends the Solvency II Delegated Regulation ((EU) 2015/35), was published in the Official Journal of the EU. The European Commission adopted the Amending Regulation on 8 March 2019. The Amending Regulation will enter into force on 8 July 2019 (twenty days after publication in the Official Journal).

Certain changes will apply from 1 January 2020 to allow non-life and health insurance firms time to prepare for the changes to the calculation of non-life and health premium and reserve risk. The relevant provisions that will apply from 1 January 2020 are in Article 1 (50),(59-61), (66) and (74) of Regulation (EU) 2019/981.

View: Amendments to Solvency II Delegated Regulation published in the Official Journal