CEA Guidance on CEIOPS Quantitative Impact Study 2

09 May 2006

The CEA released a note providing some additional background information to assist companies and national associations on several issues of CEIOPS final specification for its second Quantitative Impact Study. CEA states that there are still areas within QIS 2 which are contrary to the ideas put forward in our various publications and substantial work is still required in the development of a Solvency II framework.

Industry is also concerned on certain aspects of the calibration of the required capital. As a result, some companies may believe that the capital requirements arising from the exercise may be unrealistic. In order to address this issue, the CEA will be collecting information from companies on where the calibration is inappropriate and will feed this back to stakeholders.

CEA is therefore providing:

Guidance on the context of QIS 2

Guidance on the application of QIS2 and key attention points which we feel are important to the industry

The support structure which the CEA is putting in place to provide support and feedback for QIS 2 including the link to the Impact Assessment.

Areas where we would like feedback from companies and national associations so the CEA can engage constructively with CEIOPS

Document

© CEA - Comité Européen des Assurances