CEIOPS has published a paper titled “Solvency II Calibration Paper”. The paper provides background information to the technical analysis carried out by CEIOPS for the calibration of key parameters of the Solvency Capital Requirement (SCR) standard formula and the calculation of technical provisions for the purpose of Quantitative Impact Study 5 (QIS5).
Solvency II: CEIOPS publishes guidance on Pre-Application Process for Internal Models
CEIOPS (the Committee of European Insurance and Occupational Pensions Supervisors) has published guidance on the pre-application process for internal models. The pre-application process facilitates dialogue between undertakings and supervisory authorities prior to the submission of a formal application for approval of an internal model.
Solvency II: CEIOPS publishes Task Force Report on the Liquidity Premium
CEIOPS has submitted to the European Commission the Task Force Report on the Liquidity Premium containing technical considerations regarding the application of a liquidity premiumfor the valuation of insurance liabilities, principles for extrapolation and considerations on the choice of the reference risk-free rat
The Society welcomes an announcement from Minister for Social and Family Affairs, Mary Hanafin, that the National Pensions Framework will be published next Wednesday, 3rd March, at 2.30pm.
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 Government announced last year that a Pensions Insolvency Payments Scheme would be established “to assist employees and former employees of companies where the employer becomes insolvent and the defined benefit pension fund is in deficit.