Pensions - Articles - EIOPA issues Solvency II guidelines in official EU languages


The European Insurance and Occupational Pensions Authority (EIOPA) issued the Set 1 of its Solvency II Guidelines in the official languages of the European Union.

 The Guidelines cover the following aspects:
     
  1.   Valuation of Technical provisions and Contract Boundaries;
    2.  
  2.   Ancillary Own Funds, Classification of Own Funds; Ring Fenced Funds and Treatment of related undertakings;
    3.  
  3.   Look-through approach; Basis Risk; Application of Outwards Reinsurance arrangements; Treatment of market and counterparty risk; Application of the life underwriting risk; Health catastrophe risk; Loss Absorbing Capacity of technical provisions and Undertaking Specific Parameters;
    4.  
  4.   Group Solvency;
    5.  
  5.   Application of Internal Models;
    6.  
  6.   Operational functioning of Colleges of Supervisors;
    7.  
  7.   Methodology for Equivalence assessments;
    8.  
  8.   Supervisory Review Process. 
 
 EIOPA Guidelines are addressed to National Competent Authorities (NCAs) or Financial Institutions. Their aim is to ensure common, uniform and consistent application of Union law as well as to establish consistent, efficient and effective supervisory practices drafted by EIOPA in accordance with Article 16 of the Regulation establishing EIOPA.
 
 The Guidelines are in line with the Solvency II Directive and Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 (Delegated Acts), which the Guidelines are aiming to clarify.
 
 In accordance with Article 16 (3) of the EIOPA Regulation, NCAs have to confirm whether they comply or intend to comply with the Guidelines within 2 months of the issuance date.
 
 The Guidelines can be viewed here

Back to Index


Similar News to this Story

Hedging comes good as yields fall
Fully hedged scheme sees funding level increase by over 1 full percentage point through February to reach strongest position since 2022. 50% hedged sc
Strong underlying support for auto enrolment reform
Over two in five (43%) business leaders say that the minimum workplace pension auto-enrolment contribution level should rise, with nearly three quarte
Master trusts to prepare for future scale requirements now
TPR sets out principles for how trustees can assess their scheme’s growth potential and prepare for proposed new scale requirements under the Pension

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.