Solvency II capital requirements get tougher
The European Union body charged with finalising the terms of Solvency II has confirmed that the solvency requirements in its next quantitative impact study (QIS5) will be even more demanding.
The Committee of European Insurance and Occupational Pensions Supervisors (Ceiops) gave the foretaste of Qis5 in a letter to the European Commission written to accompany the submission of the last of the level 2 implementation documents.
Ceiops chair Gabriel Bernadino stated in his letter: "The preliminary analysis shows that the...
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