Shifting the focus from consultation to implementation

Tags: Solvency II | Toegevoegd: 02-04-2009

Since late 2005, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has involved the insurance industry in a consultation process to test the impact of proposed Solvency II regulations. These Quantitative Impact Studies (QIS), which are performed by companies on a volunteer basis, are being run by CEIOPS at the request of the European Commission. They are the primary means for testing the design of the future European Standard Formula, as well as the main route for determining the correct calibration. They are also instrumental in collecting data on the potential impact of the new regulations.
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