This thesis analyzes the influence of Solvency II on life insurance. Solvency II is a new legislative and regulatory framework of every aspect of business of insurance and reinsurance companies in the European Union that sets new, firmer rules and requirements for capital adequacy and risk management processes of companies in order to protect policyholders and insurance beneficiaries and to avoid disturbances in the insurance market. The emphasis is put on ley regulatory requirements which include the determination of own funds, calculation of technical provosions, valuation of assets and liabilities and the calculation of the Solvency Capital Requirement and Minimum Capital Requirement. In order to analyze the influence of different provisions of Solvency II regulation on life insurance, the results of the Quantitive Impact Study were used. Finally, the impact of new regulation on the calculation of required solvent capital is depicted. The traditional approach to the valuation of assets and liabilities used up until now proved to be incomplete since it doesn’t contain a market component. Solvency II Directive is of great importance in the life insurance segment because its introducing a market valuation of assets and liabilities based on the overall approach to the entire balance sheet position.