Compliance Function

Design and implementation of the compliance verification function within the framework of
Solvency II

Directive 2009/138 / EC of the European Parliament makes it necessary to establish an effective system of internal control within insurance and reinsurance institutions, within which the function of verification of compliance is framed.

On the basis of this provision, the European Insurance and Occupational Pensions Authority (EIOPA, formerly CEIOPS), in October 2009 issued a Council for Level 2 Measures for Solvency II: System of Governance where they are defined The guidelines on the content of the compliance function.

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