On 18 September 2014, EIOPA published an article produced by its Executive Director entitled 'Solvency II: a revolution in risk culture?'. The article focuses on risk management in the context of Solvency II. It emphasises that the insurance sector should be well equipped to manage risk, given that (re)insurance is a risk industry. It also highlights that Solvency II should result in important changes to risk culture for (re)insurers – with a keener focus on the ongoing process of risk management as part of business strategy, rather than as a reactive process.