Following a request for consultation by the European Commission,
the European Insurance and Occupational Pensions Authority (EIOPA)
recently published its Discussion Paper on the review of specific
items in the Solvency II Delegated Regulation, inviting industry
players and other practitioners to provide their comments by the
3rd March, 2017.
The Delegated Regulation review and, in particular, that of the
Solvency Capital Requirement ("SCR") standard formula
aims at simplifying the SCR standard formula and ensures the
proportionate application of the requirements. The review will
produce sufficient data to achieve a proportionate and technically
consistent supervisory regime for insurance and reinsurance
Following its review EIOPA shall be making submissions to the
Commission on suggested changes in methods, assumptions and
standard parameters, where appropriate, as well as additional
policy options all the while maintaining close discussions with all
Contributions received will be published on EIOPA's public
website at the end of the public consultation period. In light of
the feedback received, EIOPA is anticipated to prepare its
consultation papers on its advice to the European Commission during
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