Directive (EU) 2017/2399 is on the Insurance rulebook because its official title matches solvency. Source: EUR-Lex and European Parliament procedure file; company-specific applicability still depends on your activities. Methodology

Directive (EU) 2017/2399: what it means for Insurance

The Directive (EU) 2017/2399 is part of the EU rulebook for insurance. Its subject matter covers solvencycore to the sector. Here’s what the act does, why it’s on your radar, and how to see whether it affects your specific company.

Act
32017L2399
Type
Directive
Stage
Procedure completed
Dated
2017-12-12
Procedure
2016/0363(COD)
Lead committee
ECON

What the act does

to harmonise the priority ranking of unsecured debt instruments in insolvency hierarchy. PROPOSED ACT: Directive of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with Council. BACKGROUND: following the adoption of the total loss absorbing capacity (TLAC) standard by the G20, and in order to facilitate a more efficient path towards compliance with TLAC, a number of EU Member States have amended (or are in the process of amending) the ranking of creditor claims under their…

Read the full Directive (EU) 2017/2399 explainer →

Why it matters for Insurance

Insurers and reinsurers operate under the EU's prudential and conduct framework — Solvency capital requirements, distribution rules and policyholder protection. These are the core acts.

Directive (EU) 2017/2399 sits in that rulebook because its subject matter covers solvency. Whether — and how — it applies to a given business depends on that business’s activities, products and markets.

Does the Directive (EU) 2017/2399 apply to your company?

This act’s scope covers:

  • solvency

Does your business touch any of these?

The rest of the Insurance rulebook

See all EU regulation for Insurance

Monitor this regulation

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Primary sources

The act’s summary is the European Parliament’s own procedure record; the sector connection is the act’s stated subject matter. Lex shows the law and the grounded connection — not legal advice. Data © European Union (Decision 2011/833/EU). Methodology.