In December 2020, EIOPA published its opinion on the Solvency II 2020 review. This briefing note summarises EIOPA’s proposals.
This follows several consultation papers produced by EIOPA in 2019 and impact assessments carried out during 2020. On 25 June 2019 EIOPA published a first wave of consultation papers on its proposals for the 2020 Review regarding supervisory reporting and public disclosure and insurance guarantee schemes. Milliman has written briefing notes on each of these papers as follows:
- Package on Supervisory Reporting and Public Disclosure – Quantitative Reporting Templates
- Package on Supervisory Reporting and Public Disclosure – Solvency and Financial Condition Report
- Package on Supervisory Reporting and Public Disclosure – General Issues
- Package on Supervisory Reporting and Public Disclosure - Financial Stability Reporting
- Harmonisation of National Insurance Guarantee Schemes across EU Member states
On 15 October 2019 EIOPA issued a second wave of consultation covering a wide range of areas. A briefing note giving a high level summary of this second wave of consultation is available here.
More detailed briefing notes on each of the following areas are available as follows:
- Long-Term Guarantee and equity risk measures
- Extrapolation
- Matching adjustment
- Volatility adjustment
- Long term and strategic equity measures
- Transitional measures and risk management and disclosure of LTG measures
- Technical Provisions
- Own Funds
- Solvency Capital Requirement
- Minimum Capital Requirement
- Reporting and disclosure
- Proportionality
- Freedom to provide Services and Freedom of Establishment
- Macroprudential policy
- Recovery and resolution
Full list of Milliman authors:
London
Jessica Crowson
jessica.crowson@milliman.com
David Burston
david.burston@milliman.com
Neil Christy
neil.christy@milliman.com
Stuart Reynolds
stuart.reynolds@milliman.com
Dublin
Aisling Barrett
aisling.barrett@milliman.com
Eoin King
Eoin.king@milliman.com
Bridget MacDonnell
bridget.macdonnell@milliman.com
Paris
Veille Réglementaire
veille.reglementaire@milliman.com
Benelux
Kendall Carolissen
kendall.carolissen@milliman.com
Francois de Wouters
francois.dewouters@milliman.com
Milan
Luca Cavaliere
luca.cavaliere@milliman.com
Aldo Balestreri
aldo.balestreri@milliman.com
Dominic Clark
dominic.clark@milliman.com
Luca Bardini
luca.bardini@milliman.com
Warsaw
Jaroslaw Lech
jaroslaw.lech@milliman.com