Solvency II: CEIOPS sets up QIS5 Task Force

CEIOPS Members have agreed to set up a specialized Task Force led by the CEIOPS Secretariat to deliver on the 5th Quantitative Impact Study (QIS 5), the final Quantitative Impact Study under Solvency II.

The European Commission expects CEIOPS to provide a complete draft of the QIS 5 technical specification along with a comprehensive calibration paper by end of March 2010, to enable the Commission to publish final technical specifications by end of July 2010.  The Commission has also requested that the exercise be run between August and mid-November 2010, with a view to carrying out analysis and publishing results by end April 2011.

For more information, please refer to the press release. CEIOPS has also published the letter from the Commission referred to in the press release.