Informative Note

Outsourcing to cloud computing service providers


Circular 3/2021

The European Insurance and Occupational Pensions Authority (“EIOPA”) is entrusted with 1 issuing guidelines and recommendations to Member States’ supervisory authorities on how insurance and reinsurance undertakings should apply the Solvency II Directive 2 in order to (i) establish consistent, efficient and effective supervisory practices and (ii) ensure the common, uniform and consistent application of Union law.

In th is c ont ex t , the EIOPA g u idel i ne s on outsourcing to cloud computing service providers 3 (“Guidelines”) were published on 6 February 2020. On 1 January 2021, these guidelines began to apply to all outsourcing agreements made or amended on or after that date and they are intended to be implemented by 31 December 2022.


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