EIOPA publishes the first part of the updated Technical Specifications for the valuation of Solvency II Balance Sheet

Wednesday, 31 October 2012 18:57

The first part of updated Technical Specifications (TS) is a working document that EIOPA recommends to insurance and reinsurance undertakings to use in any quantitative assessments. EIOPA decided to publish this first part of TS in order to help participants in the upcoming Long Term Guarantee Assessment (LTGA) to better prepare for the exercise, whenever it is agreed between the trialogue parties. The first part of the TS contains only general specifications that don’t depend on the Long Term Guarantee (LTG) package. The LTG-related technical specifications are still under political discussions and will be published by EIOPA in due course as a second part. The undertakings are kindly asked to submit their questions to their supervisory authorities. Questions and answers of general interest will be made publicly available on EIOPA website.