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EIOPA report on calibration of the premium and reserve risk factors in the standard formula: A health NSLT perspective
By Joanne Buckle and Simon Moody
03 January 2012
On 12 December 2011, the European Insurance and Occupational Pensions Authority (EIOPA) published a report on the Joint Working Group (JWG) for Non-Life and Health NSLT calibrations. This document follows from the commitment of EIOPA in its advice for Level 2 measures to revise the QIS5 calibrations of the premium and reserve risk factors in the underwriting risk module of the SCR standard formula.
This summary from a health NSLT perspective discusses how the proposed risk factors have been amended. (A separate summary is available covering the non-life aspects of the report.)
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