outsourcing

Defined in Article 13, Solvency II Directive

Definitions over time (2)

1. 30/06/2021 – today applies on 12/11/2026 Article 13, Solvency II Directive Scope: Whole act

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

   ‘outsourcing’ means an arrangement of any form between an insurance or reinsurance undertaking and a service provider, whether a supervised entity or not, by which that service provider performs a process, a service or an activity, whether directly or by sub-outsourcing, which would otherwise be performed by the insurance or reinsurance undertaking itself;

2. 09/12/2011 – 12/01/2017 Article 13, Solvency II Directive Scope: Whole act

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

   ‘outsourcing’ means an arrangement of any form between an insurance or reinsurance undertaking and a service provider, whether a supervised entity or not, by which that service provider performs a process, a service or an activity, whether directly or by sub-outsourcing, which would otherwise be performed by the insurance or reinsurance undertaking itself;

Used in (10 places in 5 provisions on 12/11/2026)

Solvency II Directive (10 in 5)

Recital 37⁴ · Article 13² · Article 41 · Article 49² · Article 50