Industry Guide
Compliance for Insurance
Insurers face a dense overlay of product regulation, capital requirements, ICT resilience rules, and sustainability disclosures – covering everything from how products are sold to how climate risk is managed on the balance sheet.
Key Regulations
Solvency II (Sustainability Amendments)
Requires insurance undertakings to integrate climate and environmental risk scenarios into their Own Risk and Solvency Assessment (ORSA), embed sustainability factors into investment and underwriting decisions, and report climate-related risks under the supervisory review process.
→ Learn moreIDD – Insurance Distribution Directive
Requires all insurance distributors to act in the customer's best interest, conduct needs assessments before recommending any product, integrate sustainability preferences into suitability assessments for IBIPs, and comply with product governance obligations.
→ Learn morePRIIPs – Packaged Retail and Insurance-Based Investment Products
Requires manufacturers of insurance-based investment products to produce a standardised Key Information Document covering risks, costs, and performance scenarios, enabling retail customers to make informed comparisons before purchasing.
→ Learn moreIRRD – Insurance Recovery and Resolution Directive
Establishes an EU-wide framework requiring insurance undertakings to prepare and maintain recovery plans, and granting resolution authorities powers to intervene and restructure failing insurers while protecting policyholders and financial stability.
→ Learn moreWhat Also Applies to Your Business
Sector-specific obligations that are often overlooked
Financial Conglomerates Directive
Establishes supplementary supervision for financial groups active in both insurance and banking or investment services, requiring consolidated capital adequacy assessments, intra-group transaction monitoring, and risk concentration reporting at group level.
→ Learn moreEIOPA Regulation
Establishes the European Insurance and Occupational Pensions Authority and defines its mandate to develop binding technical standards, guidelines, and supervisory convergence tools that shape day-to-day compliance obligations for insurers across the EU.
→ Learn moreDelegated Regulation (EU) 2017/2358 – IDD Product Oversight & Governance
Requires insurance manufacturers and distributors to define target markets for every product, conduct product testing before launch, and monitor products throughout their lifecycle to ensure they remain appropriate for their intended customer group.
→ Learn moreDelegated Regulation (EU) 2017/2359 – IDD Rules for IBIPs
Sets detailed information and conduct-of-business requirements for the distribution of insurance-based investment products, covering pre-contractual disclosures, suitability and appropriateness assessments, and conditions for cross-selling arrangements.
→ Learn moreWe track 112+ laws relevant to Insurance – across EU-wide directives and national legislation. Explore the full registry →
How Sustainova Helps
Vicky AI
Get answers now
Ask Vicky anything about Insurance compliance. Instant, sourced answers – no setup required.
Example questions
What climate and environmental risk scenarios must our Solvency II ORSA include and how granular does the quantitative analysis need to be?
What must our PRIIPs Key Information Document cover for our IBIP product range and how often must it be reviewed and updated?
How does IDD require us to collect, document, and apply customer sustainability preferences before recommending an insurance-based investment product?
ComplyOne
Manage it ongoing
Track obligations, assign tasks, maintain audit trail – built for Insurance specifics.
Example workflows
Maps Solvency II, IDD, PRIIPs, and IRRD obligations to your licence type and product range – with penalty exposure per obligation
Assigns ORSA climate, IDD suitability, and PRIIPs KID review tasks to actuarial and compliance teams with tracked deadlines
Flags EIOPA technical standard updates and IDD delegated act changes – updates your register automatically
See how it works for Insurance
We'll walk you through exactly how Vicky and ComplyOne apply to your regulatory landscape.