Eiopa unveils Solvency II calibrations
Monday 12 December 2011 - by Andrew.Hickley@gfsnews.com
On Monday, Eiopa released a report detailing how both premium and reserve risk factors are calibrated in the directive which will overhaul the insurance sector's capital adequacy regime.
Eiopa argues the report presents a "significantly improved calibration methodology", ensuring that the final factors are "reflective of the average size of the portfolios of insurers in the European markets to which they are applied".
The recommended levels have already been sent to the European Commission as it prepares its draft proposals for the implementing measures of Solvency II.
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