If you are a Chief Risk Officer or Head of Corporate Insurance at an Italian industrial or financial holding company, this playbook was built for you.
As a senior risk or insurance executive overseeing strategic risk financing, you are tasked with establishing or optimizing a captive insurer that delivers value while meeting heightened regulatory scrutiny. The revised Solvency II framework under Directive (EU) 2025/2 introduces new expectations around proportionality, capital efficiency, and supervisory alignment, especially for non-complex captives. You must balance operational agility with compliance rigor, all under the oversight of IVASS and EU-level reporting requirements.
Traditional consulting routes involve multi-month engagements with Big-4 firms, often costing between EUR 80,000 and EUR 250,000 for a proportionate regime implementation. Alternatively, assembling an internal team of 3 to 5 specialists, actuarial, compliance, legal, and risk, working over 4 to 6 months introduces opportunity costs, delays, and inconsistent interpretation of proportionality criteria. This playbook delivers the same structured approach for a one-time cost of $395.
What you get
| Phase | File Type | Description | Quantity |
| Foundation | Domain Assessment | 30-question evaluation covering governance, risk management, and internal control systems under proportionality principles | 7 |
| Evidence Collection | Runbook | Step-by-step guide to gather and organize documentation required for IVASS submissions and internal audits | 1 |
| Audit Preparation | Playbook | Checklist-driven process to prepare for regulatory reviews, including mock audit scenarios and response templates | 1 |
| Project Execution | RACI Template | Predefined responsibility assignment matrix for governance, compliance, actuarial, and finance roles | 1 |
| Project Execution | WBS Template | Work breakdown structure outlining 120 discrete tasks across six implementation phases | 1 |
| Cross-Reference | Mapping Matrix | Detailed alignment between Solvency II (Directive 2025/2), EIOPA proportionality guidelines, and IVASS regulatory modules | 1 |
| Guidance | Sample Chapter | Full 30-question proportionality assessment for captive insurers, illustrating question design, scoring logic, and evidence links | 1 |
Domain assessments
Each of the seven domain assessments contains 30 targeted questions, scored responses, and evidence references. Domains include:
- Governance and Organizational Structure , Evaluates board oversight, delegation frameworks, and fit-and-proper criteria for key function holders.
- Risk Management Framework , Assesses identification, measurement, monitoring, and mitigation of underwriting, market, credit, and operational risks.
- Own Funds and Capital Management , Reviews eligibility, quality, and availability of capital resources under the Solvency Capital Requirement (SCR) and Minimum Capital Requirement (MCR).
- Valuation of Liabilities and Assets , Covers technical provisions, discounting methods, and asset-liability matching in line with proportionate practices.
- System of Governance , Examines the four functions (risk, compliance, actuarial, internal audit) and their integration into decision-making.
- Internal Control Environment , Tests effectiveness of controls over financial reporting, data integrity, and change management processes.
- Supervisory Reporting and Disclosure , Validates readiness for SFCR, RSR, and ORSA submissions under IVASS and EIOPA templates.
What this saves you
| Approach | Time to Implement | Cost Range | Control Over Process | Regulatory Alignment |
| Big-4 Consulting Firm | 5, 7 months | EUR 80,000, 250,000 | Low , external lead | High, but generic |
| Internal Team (3, 5 FTEs) | 4, 6 months | Opportunity cost of 1,000+ hours | High, but inconsistent | Variable, depends on expertise |
| This Playbook | 8, 12 weeks with 1, 2 FTEs | $395 one-time | Full ownership and customization | Tailored to Directive (EU) 2025/2 and IVASS |
Who this is for
- Chief Risk Officers at Italian industrial groups exploring captive insurance as a risk financing tool
- Heads of Corporate Insurance managing in-house risk programs and seeking regulatory clarity
- Group Compliance Managers responsible for cross-border insurance entities
- Internal Audit Directors preparing for IVASS examinations of captive operations
- Legal Counsel advising on Solvency II compliance for non-life captives
- Actuarial Leads tasked with proportionate valuation and capital modeling
- Project Managers leading captive implementation or optimization initiatives
Cross-framework mappings
This playbook includes full alignment across the following regulatory and supervisory frameworks:
- Solvency II Directive (EU) 2025/2 , Articles on proportionality, governance, and capital requirements
- EIOPA Guidelines on Proportionality in the Application of Solvency II (GL 18/317)
- IVASS Regulation No. 40/2022 and subsequent circulars on captive insurers
- ORSA Requirements under Delegated Regulation (EU) 2020/115
- Technical Provisions Valuation under LCR and MCR methodologies
- Group Supervision Principles for Mixed Financial Holdings (MFH)
- EU Corporate Sustainability Reporting Directive (CSRD) , Insurance-specific disclosures
What is NOT in this product
- This is not a financial model or capital calculation engine
- No actuarial software or stochastic modeling tools are included
- It does not provide legal advice or substitute for external counsel
- No filing services or submission to IVASS are offered
- The templates are not pre-filled with company-specific data
- There is no integration with insurance core systems or data warehouses
- No training workshops or consulting calls are part of this purchase
Lifetime access and satisfaction guarantee
You receive permanent download access to all 64 files with no subscription, no login portal, and no recurring fees. If this playbook does not save your team at least 100 hours of manual compliance work, email us for a full refund. No questions, no friction.
About the seller
The creator has 25 years of experience in insurance regulation and corporate risk governance, with direct involvement in the development of 692 compliance frameworks across banking, insurance, and corporate sectors. Their research underpins 819,000+ cross-framework mappings used by practitioners in 160 countries. Over 40,000 professionals have applied these structured methodologies to meet regulatory requirements efficiently and sustainably.
Need this for your team? We offer site licenses starting at $2,500 for up to 25 users. Reply to this page or DM Gerard directly on LinkedIn.
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