European Union:
Insurance Europe Raises Concerns Over Misunderstanding Of Ultimate Forward Rate
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On April 21, 2016, Insurance Europe, the European insurance and
reinsurance federation, released a press release raising concerns over how
Solvency II liabilities are currently calculated, including
discount rates. This press release was published in response to the
consultation carried out by the European
Insurance and Occupational Pensions Authority and it discusses
whether the Ultimate Forward Rate should be calculated by reference
to the discount rate, or whether it may be adjusted to reflect
changes in long-term expectations.
The content of this article is intended to provide a general
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