CEA sends joint letter to EC on Solvency II illiquidity premium
21 May 2010
The letter sets out proposals for criteria to be tested in QIS 5. In addition, the paper includes three separate appendices which provide the results of quantitative analysis for a range of products. The results highlight a significant level of predictability or resilience to products.
The CEA, CRO Forum and CFO Forum have written to the European Commission to comment on the application of the illiquidity premium to liabilities in both the implementing measures for Solvency II and the fifth quantitative impact study (QIS 5). Welcoming the EC’s more granular approach to the application of the illiquidity premium, the paper sets out proposals for criteria to be tested in QIS 5.
© CEA - Comité Européen des Assurances
