CEIOPS released its Consultation Paper No. 20 concerning its 'Draft Advice to the European Commission in the Framework of the Solvency II project on Pillar I issues - further advice'. It includes some important principles agreed within
CEIOPS to be used in the measurement of technical provisions.
The advice in this paper may be seen as an extension to the previous answers to the calls of advice providing further detail on specific issues or offering greater clarity where CEIOPS had not yet provided a definitive recommendation.
However, there are several areas where CEIOPS has decided to amend its previous advice in light of the results of QIS1 and 2.
CEIOPS final advice to the Commission will be delivered by March/ April 2007.
The consultation period for both documents runs until 12 January 2007.
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