{"id":2242,"date":"2025-11-27T11:18:20","date_gmt":"2025-11-27T10:18:20","guid":{"rendered":"https:\/\/segurosecidadania.pt\/?p=2242"},"modified":"2025-11-27T15:42:44","modified_gmt":"2025-11-27T14:42:44","slug":"ricardo-ferreira-reis-3-2-2-3-2-2-7-2-2-2-2-2-3-2-2-3-2","status":"publish","type":"post","link":"https:\/\/segurosecidadania.pt\/?p=2242","title":{"rendered":"PROPOSTA DA COMISS\u00c3O EUROPEIA PARA REVIS\u00c3O DOS ATOS DELEGADOS DE SOLV\u00caNCIA II"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-409t0m-de118d3402fd503c6ff00b0257a1f77f\">\n.avia-section.av-409t0m-de118d3402fd503c6ff00b0257a1f77f{\nbackground-color:#ea3000;\nbackground-image:unset;\nz-index:0;\nposition:relative;\n}\n.av-curtain-footer.av-curtain-activated #main .avia-section.av-409t0m-de118d3402fd503c6ff00b0257a1f77f{\nz-index:0;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-409t0m-de118d3402fd503c6ff00b0257a1f77f main_color 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.heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-mihapsgb-423213216d61d1c36a6def38c3d16fcd .av-special-heading-tag{\nfont-size:25px;\npadding:0 0 0 0;\n}\n.av-special-heading.av-mihapsgb-423213216d61d1c36a6def38c3d16fcd .special-heading-inner-border{\nborder-color:rgba(0,0,0,0.01);\n}\n.av-special-heading.av-mihapsgb-423213216d61d1c36a6def38c3d16fcd .av-subheading{\nfont-size:20px;\n}\nbody .av-special-heading.av-mihapsgb-423213216d61d1c36a6def38c3d16fcd .av-special-heading-tag .heading-wrap:before{\nborder-color:rgba(0,0,0,0.01);\n}\nbody .av-special-heading.av-mihapsgb-423213216d61d1c36a6def38c3d16fcd .av-special-heading-tag .heading-wrap:after{\nborder-color:rgba(0,0,0,0.01);\n}\n\n@media only screen and (max-width: 479px){ \n#top .av-special-heading.av-mihapsgb-423213216d61d1c36a6def38c3d16fcd{\nmargin:0 0 -100px 0;\n}\n#top #wrap_all .av-special-heading.av-mihapsgb-423213216d61d1c36a6def38c3d16fcd .av-special-heading-tag{\nfont-size:17px;\n}\n}\n\n@media only screen and (min-width: 768px) and (max-width: 989px){ \n#top .av-special-heading.av-mihapsgb-423213216d61d1c36a6def38c3d16fcd{\nmargin:0 0 -35px 0;\n}\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top .av-special-heading.av-mihapsgb-423213216d61d1c36a6def38c3d16fcd{\nmargin:0 0 -35px 0;\n}\n#top #wrap_all .av-special-heading.av-mihapsgb-423213216d61d1c36a6def38c3d16fcd .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-mihapsgb-423213216d61d1c36a6def38c3d16fcd av-special-heading-h6 custom-color-heading blockquote modern-quote  avia-builder-el-2  avia-builder-el-no-sibling  av-inherit-size'><h6 class='av-special-heading-tag'  itemprop=\"headline\"  >Newsletter APS #12 | novembro 2025<\/h6><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/div>\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='after_section_1'  class='main_color av_default_container_wrap container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-2242'><div class='entry-content-wrapper clearfix'>\n<div  class='flex_column av-6kwi4-8e596f04c27eab16388547305a04b6bc av_one_full  avia-builder-el-3  el_after_av_section  avia-builder-el-no-sibling  first flex_column_div  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-hlakc-11ef2cbb47b41d5d366e5e7b4b06b95f\">\n#top .av-post-metadata-container.av-hlakc-11ef2cbb47b41d5d366e5e7b4b06b95f{\nfont-size:14px;\nmargin:0 0 1px 0;\n}\n#top .av-post-metadata-container.av-hlakc-11ef2cbb47b41d5d366e5e7b4b06b95f .av-post-metadata-container-inner{\nfont-size:14px;\n}\n<\/style>\n<div  class='av-post-metadata-container av-hlakc-11ef2cbb47b41d5d366e5e7b4b06b95f av-metadata-container-align-left  avia-builder-el-4  el_before_av_heading  avia-builder-el-first  av-metadata-container-1'><div class='av-post-metadata-container-inner'><span class=\"av-post-metadata-content av-post-metadata-meta-content\"><span class=\"av-post-metadata-content av-post-metadata-category\"><span class=\"av-post-metadata-category-link\" ><a href=\"https:\/\/segurosecidadania.pt\/?cat=18\" >Europa<\/a><\/span><\/span><\/span><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ls1rzmt1-1a2b2d7645994d00ed6ef5933862b9c5\">\n#top .av-special-heading.av-ls1rzmt1-1a2b2d7645994d00ed6ef5933862b9c5{\nmargin:20px 0 0 0;\npadding-bottom:20px;\nfont-size:30px;\n}\nbody .av-special-heading.av-ls1rzmt1-1a2b2d7645994d00ed6ef5933862b9c5 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-ls1rzmt1-1a2b2d7645994d00ed6ef5933862b9c5 .av-special-heading-tag{\nfont-size:30px;\npadding:0 0 10px 0;\n}\n.av-special-heading.av-ls1rzmt1-1a2b2d7645994d00ed6ef5933862b9c5 .av-subheading{\nfont-size:15px;\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top #wrap_all .av-special-heading.av-ls1rzmt1-1a2b2d7645994d00ed6ef5933862b9c5 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n\n@media only screen and (max-width: 479px){ \n#top #wrap_all .av-special-heading.av-ls1rzmt1-1a2b2d7645994d00ed6ef5933862b9c5 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-ls1rzmt1-1a2b2d7645994d00ed6ef5933862b9c5 av-special-heading-h1 blockquote modern-quote  avia-builder-el-5  el_after_av_post_metadata  el_before_av_image  av-inherit-size'><h1 class='av-special-heading-tag'  itemprop=\"headline\"  >PROPOSTA DA COMISS\u00c3O EUROPEIA PARA REVIS\u00c3O DOS ATOS DELEGADOS DE SOLV\u00caNCIA II<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ls1s056x-dd58f97eb6f56dd5355ed77b563947da\">\n.avia-image-container.av-ls1s056x-dd58f97eb6f56dd5355ed77b563947da img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-ls1s056x-dd58f97eb6f56dd5355ed77b563947da .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-ls1s056x-dd58f97eb6f56dd5355ed77b563947da av-styling- avia-align-center  avia-builder-el-6  el_after_av_heading  el_before_av_textblock '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-2243 avia-img-lazy-loading-not-2243 avia_image ' src=\"https:\/\/segurosecidadania.pt\/wp-content\/uploads\/2025\/11\/graficos-1.jpg\" alt='' title='graficos-1'  height=\"800\" width=\"2000\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/segurosecidadania.pt\/wp-content\/uploads\/2025\/11\/graficos-1.jpg 2000w, https:\/\/segurosecidadania.pt\/wp-content\/uploads\/2025\/11\/graficos-1-300x120.jpg 300w, https:\/\/segurosecidadania.pt\/wp-content\/uploads\/2025\/11\/graficos-1-1030x412.jpg 1030w, https:\/\/segurosecidadania.pt\/wp-content\/uploads\/2025\/11\/graficos-1-768x307.jpg 768w, https:\/\/segurosecidadania.pt\/wp-content\/uploads\/2025\/11\/graficos-1-1536x614.jpg 1536w, https:\/\/segurosecidadania.pt\/wp-content\/uploads\/2025\/11\/graficos-1-1500x600.jpg 1500w, https:\/\/segurosecidadania.pt\/wp-content\/uploads\/2025\/11\/graficos-1-705x282.jpg 705w\" sizes=\"(max-width: 2000px) 100vw, 2000px\" \/><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-ls1s13k0-bd5659602c8ec4c80c8d120e3dc440cc '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><div>\n<p style=\"font-weight: 400;\">A Comiss\u00e3o Europeia publicou no passado dia 29 de outubro de 2025 a sua proposta de revis\u00e3o dos Atos Delegados de Solv\u00eancia II, introduzindo um conjunto de ajustamentos t\u00e9cnicos que procuram refor\u00e7ar a coer\u00eancia e a estabilidade do regime prudencial europeu. Esta revis\u00e3o surge num momento em que o setor segurador enfrenta, simultaneamente, novas exig\u00eancias macroecon\u00f3micas, desafios na gest\u00e3o de risco de longo prazo e um ambiente regulat\u00f3rio em r\u00e1pida evolu\u00e7\u00e3o. A proposta tem como objetivo reduzir a volatilidade injustificada, melhorar a capacidade de as seguradoras investirem de forma sustentada e corrigir v\u00e1rios aspetos que geraram preocupa\u00e7\u00f5es quanto \u00e0 complexidade e ao efeito acumulado das obriga\u00e7\u00f5es.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Entre os elementos centrais da proposta est\u00e3o ajustes \u00e0 extrapola\u00e7\u00e3o das curvas de taxas de juro de longo prazo, altera\u00e7\u00f5es ao ajustamento de volatilidade, que procuram alinhar melhor o mecanismo com a realidade das carteiras das seguradoras, e a redu\u00e7\u00e3o adicional da margem de risco, que continua a ser apontada pela ind\u00fastria como excessivamente sens\u00edvel ao n\u00edvel das taxas de juro. A Comiss\u00e3o introduz tamb\u00e9m melhorias na proporcionalidade, eliminando obriga\u00e7\u00f5es consideradas redundantes ou desnecessariamente pesadas.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">A Insurance Europe acolheu positivamente esta proposta, salientando que ela constitui um passo importante na constru\u00e7\u00e3o de um regime prudencial mais eficiente e alinhado com as necessidades de investimento de longo prazo da economia europeia. Considera, ainda, que as altera\u00e7\u00f5es agora apresentadas trazem maior clareza e permitem que as seguradoras desempenhem plenamente o seu papel no financiamento da transi\u00e7\u00e3o verde, da digitaliza\u00e7\u00e3o e de outras prioridades estruturais da Uni\u00e3o Europeia. A Insurance Europe sublinha, ainda, que estas melhorias contribuem para refor\u00e7ar a competitividade do setor e para garantir que o enquadramento regulat\u00f3rio n\u00e3o imp\u00f5e obst\u00e1culos desproporcionados ao desenvolvimento das atividades seguradoras.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Estas melhorias poder\u00e3o traduzir-se numa maior capacidade de apoio ao crescimento econ\u00f3mico, ao financiamento de infraestruturas e \u00e0 estabilidade financeira. Contudo, a aplica\u00e7\u00e3o pr\u00e1tica depender\u00e1 do processo legislativo em curso e da fase subsequente de implementa\u00e7\u00e3o.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">No geral, a revis\u00e3o dos Atos Delegados representa uma oportunidade para aperfei\u00e7oar o regime de Solv\u00eancia II sem comprometer os seus objetivos estruturais. Segue-se agora o per\u00edodo de escrut\u00ednio pelo Parlamento Europeu e pelo Conselho, que pode durar tr\u00eas meses, prorrog\u00e1vel por mais tr\u00eas, antes de o ato ser oficialmente adotado e publicado.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">Caso n\u00e3o haja obje\u00e7\u00f5es, as altera\u00e7\u00f5es dever\u00e3o entrar em vigor vinte dias ap\u00f3s a publica\u00e7\u00e3o no Jornal Oficial da Uni\u00e3o Europeia e aplicar-se a partir de 30 de janeiro de 2027.<\/p>\n<\/div>\n<div><\/div>\n<p style=\"font-weight: 400;\">\n<\/div><\/section><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Entre os elementos centrais da proposta est\u00e3o ajustes \u00e0 extrapola\u00e7\u00e3o das curvas de taxas de juro de longo prazo, altera\u00e7\u00f5es ao ajustamento de volatilidade, que procuram alinhar melhor o mecanismo com a realidade das carteiras das seguradoras, e a redu\u00e7\u00e3o adicional da margem de risco, que continua a ser apontada pela ind\u00fastria como excessivamente sens\u00edvel ao n\u00edvel das taxas de juro. <\/p>\n","protected":false},"author":2,"featured_media":2243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-2242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europa"],"_links":{"self":[{"href":"https:\/\/segurosecidadania.pt\/index.php?rest_route=\/wp\/v2\/posts\/2242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/segurosecidadania.pt\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/segurosecidadania.pt\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/segurosecidadania.pt\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/segurosecidadania.pt\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2242"}],"version-history":[{"count":2,"href":"https:\/\/segurosecidadania.pt\/index.php?rest_route=\/wp\/v2\/posts\/2242\/revisions"}],"predecessor-version":[{"id":2246,"href":"https:\/\/segurosecidadania.pt\/index.php?rest_route=\/wp\/v2\/posts\/2242\/revisions\/2246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/segurosecidadania.pt\/index.php?rest_route=\/wp\/v2\/media\/2243"}],"wp:attachment":[{"href":"https:\/\/segurosecidadania.pt\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/segurosecidadania.pt\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/segurosecidadania.pt\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}