EU Solvency II

Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 (“Solvency II”), sets out requirements applicable to insurance and reinsurance companies in the European Union (EU) with the aim to adequately protect policyholders and beneficiaries. Article 274 (Outsourcing) of Solvency II provides specific guidance on outsourcing requirements in line with Directive 2009/138/EC of the European Parliament.

Google Cloud’s contracts for financial institutions in the EU address the Solvency II outsourcing requirements. We have also created mappings for both Google Cloud and Google Workspace to help you understand how we can support you with meeting the Solvency II outsourcing requirements and assess us as an outsourced service provider. Google Cloud is committed to addressing these requirements regardless of how financial institutions choose to use our services.