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Dietrich Burde
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The converse of Whitehead's first and second lemma has been recently studied by P. Zusmanovich, e.g., see here. One of the results is as follows:

Theorem 0.2 (A converse to the Second Whitehead Lemma). A finite-dimensional Lie algebra over a field of characteristic zero such that its second cohomology with coefficients in any finite-dimensional module vanishes, is one of the following:

(i) an one-dimensional algebra;
(ii) a semisimple algebra;
(iii) the direct sum of a semisimple algebra and an one-dimensional algebra.

If you only require that $H^2$ vanishes for the trivial representation, we have much less, of course.

Dietrich Burde
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