CEIOPS consults on Solvency II-Level 2 implementing measures
06 July 2009
The consultation deals with a large number of Pillar I, Pillar II, the future implementation of Pillar III, group issues and provides advice on key aspects for the Solvency II framework. The third set foreseen to be released at the beginning of November.
The consultation deals with a large number of Pillar I, Pillar II, the future implementation of Pillar III and group issues and provides advice on key aspects for the Solvency II framework.
CEIOPS explicitly highlights some areas on which comments from stakeholders are especially welcomed. These include:
- the choice of discount rates (CP40, including the impact assessment on the risk-free rate),
- the assessment of the excess of assets over liabilities (CP46),
- the appropriateness of listing the quantifiable risks not covered by the SCR standard formula that can be subject to a capital add-on,
- the proposal to base the analysis of the significant deviation only on risks that are underestimated in the SCR, while allowing undertakings to present evidence that an overall approach could be followed.
The third set of consultations is foreseen to be released at the beginning of November 2009.
Deadline for consultation is 11 September 2009
© CEIOPS
