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EIOPA will start using these updated representative portfolios for the calculation of the VA end of March 2019, which will be published at the beginning of April 2019.
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 the end-of-2017 annual reporting templates as reported by European (re)insurance companies to their national supervisory authorities. The updated 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 end of 2019 according to art. 193 of the Technical Documentation.