ARTICLE
27 November 2013

Guidelines On Preparing For Solvency II

M
Matheson

Contributor

Established in 1825 in Dublin, Ireland and with offices in Cork, London, New York, Palo Alto and San Francisco, more than 700 people work across Matheson’s six offices, including 96 partners and tax principals and over 470 legal and tax professionals. Matheson services the legal needs of internationally focused companies and financial institutions doing business in and from Ireland. Our clients include over half of the world’s 50 largest banks, 6 of the world’s 10 largest asset managers, 7 of the top 10 global technology brands and we have advised the majority of the Fortune 100.
On 4 November 2013, the Central Bank published its long awaited "Guidelines on Preparing for Solvency II" which reflect the EIOPA Guidelines published in October.
Ireland Finance and Banking

On 4 November 2013, the Central Bank published its long awaited "Guidelines on Preparing for Solvency II" (the Guidelines) which reflect the EIOPA Guidelines published in October. The purpose of the Guidelines is to assist insurance companies in taking active steps towards implementing certain key elements of Solvency II.

The Guidelines cover the following key areas of Solvency II: 

  • Systems of Governance;
  • Forward-looking assessment of own risks; 
  • Submission of information to the Central Bank; and
  • Pre-application of internal models.

Please click here to view the Guidelines in full.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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