General Insurance Article - Monthly update from EIOPA on capital charge for Solvency II


The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of May 2015.

 The calculation of the symmetric adjustment based on the behaviour of an equity index built by EIOPA exclusively for that purpose. The legal requirements on the determination of the symmetric adjustment and of the EIOPA equity index are set out in the Directive 2009/138/EC (as amended by Directive 2014/51/EU), the Implementing Measures of that Directive, and also in the Implementing Technical Standard on the EIOPA equity index.

 While the publication of this information is not compulsory until 2016, EIOPA has advanced its disclosure in order to help EU insurance and reinsurance undertakings to prepare for the implementation of Solvency II. 

  

 Click here to view the documentation.

  

 
 
 
  

Back to Index


Similar News to this Story

Hong Kong property insurance industry to exceed $1bn by 2030
The Hong Kong (China SAR) property insurance industry is projected to grow at a compound annual growth rate (CAGR) of 7.5%, increasing from HKD7.0 bi
Hailstorms hit record damages from severe convective storms
The frequency and intensity of severe convective storm (SCS) events have increased significantly, leading to insured losses in billions of US dollars
Iran conflict narrows travel insurance options
Conflict involving Iran is beginning to have a tangible impact on the cost and practicalities of travel, with higher fuel prices, disrupted flight rou

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.