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Solvency II & IORP II

If you would like to receive more briefing documents like this - Click Here to Join our Mailing List Download John's article from the IPF Journal "Investment Property Focus" Our general briefing on Solvency II and IORP II (updated January 2016)

The much delayed Solvency II reforms came into effect across the European Union on 1st January 2016.


Solvency II is a fundamental reform of the capital adequacy regime for the European insurance industry. It aims to establish a revised set of EU-wide capital requirements and risk management standards to reduce systemic risk in the insurance industry and will replace an array of related Directives that have been introduced since 1973.  Although it governs all types of insurance businesses, the interest to the real estate industry lies primarily with the treatment of life insurance companies, and in particular the way in which they treat their investments.  The impact will potentially extend with the introduction of equivalent regulations for pension schemes in the form of the updated Institutions for Occupational Retirement Provision (IORP) Directive.

John is a member of the Investment Property Forum working party on Solvency II and has been involved in a number of lobbying initiatives particularly in respect of the treatment of real estate funds.  He is the author of the Solvency II chapter of the Property Week Property Finance Report.

Our News Release on the EU Parliament Solvency II Vote on 11 March 2014 Solvency II - media coverage of John's comments Colliers report on real estate investment and risk with Solvency II comments from John Forbes IORP and Long-Term Finance proposals 27th March 2014 / ELTIF update 16th April 2014 Reglation and independent audit of controls environment Blog on Solvency II coming into force, January 2016