|
|
EIOPA will start using these data for the calculation of the VA end of March 2018, which will be published at the beginning of April 2018.
EIOPA publishes the updated representative portfolios now, i.e. three months in advance in order to allow (re)insurers sufficient time to prepare for this change.
The updated portfolios are based on data reported by European (re)insurance companies to their national supervisory authorities as part of their annual supervisory reporting for 2017. Based on more up-to-date and granular data, the new portfolios enable more accurate reflection of the impact of market volatility under the Solvency II framework.
EIOPA is revising the representative portfolios on a yearly basis with the next update being scheduled for the second half of 2018.