insurance holding company

Defined in Article 212, Solvency II Directive

Definitions over time (3)

1. 30/01/2027 – today Article 212, Solvency II Directive Scope: Title III

   For the purposes of this Title, the following definitions shall apply:

   ‘insurance holding company’ means an undertaking fulfilling all of the following conditions: the undertaking is a parent undertaking; the undertaking is not a credit institution, an insurance undertaking, a reinsurance undertaking, an investment firm or an institution for occupational retirement provision; the undertaking is not a mixed financial holding company or a financial holding company within the meaning of Article 4, point (20), of Regulation (EU) No 575/2013; at least one of its subsidiary undertakings is an insurance or reinsurance undertaking; notwithstanding its own stated corporate purpose, the main business of the undertaking is any of the following: to acquire and hold participations in insurance or reinsurance undertakings; to provide ancillary services to the principal activity of one or several related insurance or reinsurance undertakings; to pursue one or more of the activities listed in points 2 to 12 and point 15 of Annex I to Directive 2013/36/EU, or to pursue one or more of the services or activities listed in Annex I, Section B, to Directive 2014/65/EU in relation to financial instruments listed in Annex I, Section C, to Directive 2014/65/EU;. more than 50 % of at least one of the following indicators are associated, on a steady basis, with subsidiaries that are insurance or reinsurance undertakings, third-country insurance or reinsurance undertakings, insurance holding companies or mixed financial holding companies, holding companies of third-country insurance and reinsurance undertakings or undertakings which provide services that are ancillary to the principal activity of one or several insurance or reinsurance undertakings of the group, as well as with activities performed by the undertaking itself that are not related to the acquisition or holding of participations in subsidiary undertakings that are insurance or reinsurance undertakings, or third-country insurance or reinsurance undertakings, when those activities are of the same nature as the ones performed by insurance or reinsurance undertakings: the undertaking’s equity on the basis of its consolidated position; the undertaking’s assets on the basis of its consolidated position; the undertaking’s revenues on the basis of its consolidated position; the undertaking’s personnel on the basis of its consolidated position; any other indicator considered to be relevant by the national supervisory authority;

2. 30/06/2021 – 30/01/2027 applies on 12/11/2026 Article 212, Solvency II Directive Scope: Title III

   For the purposes of this Title, the following definitions shall apply:

   ‘insurance holding company’ means a parent undertaking which is not a mixed financial holding company and the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance or reinsurance undertakings, or third-country insurance or reinsurance undertakings, at least one of such subsidiary undertakings being an insurance or reinsurance undertaking;

3. 09/12/2011 – 12/01/2017 Article 212, Solvency II Directive Scope: Title III

   For the purposes of this Title, the following definitions shall apply:

   ‘insurance holding company’ means a parent undertaking which is not a mixed financial holding company and the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance or reinsurance undertakings, or third-country insurance or reinsurance undertakings, at least one of such subsidiary undertakings being an insurance or reinsurance undertaking;

Used in (60 places in 22 provisions on 12/11/2026)

Solvency II Directive (60 in 22)

Article 212³ · Article 213⁵ · Article 214³ · Article 215⁴ · Article 216² · Article 219³ · Article 226⁵ · Article 231 · Article 233 · Article 235² · Article 243 · Article 244² · Article 245² · Article 246³ · Article 247⁶ · Article 256² · Article 256a · Article 257 · Article 258⁵ · Article 262⁴ · Article 263³ · Article 265