|
|
Any assessment of the solvency impact, as well as any comparison with the current solvency situation, should be still very cautious at this stage. Assumptions and parameters used in the exercise were only preliminary and tentative. For the future QIS3, when a more definite structure for Solvency II will be tested, many of the parameters will have been recalibrated
On average, technical provisions appear to decrease, the SCR to increase, and eligible capital to increase.
The solvency ratio, on average, seems to decrease, but remains above 100% for most undertakings in the majority of countries, confirming an overall resilience of the sector.
As to technical provisions, in particular, QIS2 confirmed that the best estimate of future liabilities is by far the most significant and critical component and, at the same time, showed a slight preference for ‘cost-of-capital’ approach within the sector for calculating the risk margin.
Press release
QIS2 Summary report
Further documents