Statistical update on the use of capital add-ons in 2022

Background information

According to Article 52 of Solvency II Directive, EIOPA is requested to report capital add-ons, set by insurance or reinsurance undertakings following request from NCAs, annually to EU institutions (European Parliament, the Council and the Commission).

Capital add-ons reported are those imposed pursuant Article 37 of Solvency II Directive and Article 276-287 of Delegated Regulation (EU) 2015/35.

EIOPA is publishing for the 2nd time the statistical update on the use of capital add-ons in the European Economic Area (EEA). The statistical update is based on Solvency II information and includes historical data. Prior to this, EIOPA delivered an Annual Report which included also information on policies and processes followed by NCAs to set and review capital add-ons.

EIOPA has been delivering an Annual Report which included also information on policies and processes followed by National Competent Authoritues to set and review capital add-ons. After the initial years of implementation of Solvency II the policies and processes are now mature and EIOPA did not observe changes in the last reports. Therefore, also considering the low number of capital add-ons set since the application of Solvency II, EIOPA decided to publish the information on capital add-ons through a statistical table as of 2021 year-end. The statistical table includes historical information.