Facing the challenge of Solvency II
Latest CEIOPS Consultation Papers
On 2 November 2009, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) issued its third set of draft technical advice on Level 2 Solvency II implementation measures for consultation.
This draft advice follows on from the first two sets of consultation papers (“CPs”) released in March and July 2009.
We have produced a concise summary of each of this third wave of consultation papers, pulling out the main elements of the advice, along with our view of the key messages and impacts for the UK insurance industry. We hope that you will find it useful.
This summary addresses:
- Simplifications of the SCR standard formula
- Partial internal models
- Supervision of groups with centralised risk management
- Treatment of Ring-Fenced Funds
- Calibrations of the SCR standard formula