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8th of February 2012

Insurance companies should complete QIS5, says Commission

Matthew Broomfield 25/08/2010

The European Commission has urged insurance and reinsurance companies to participate in Solvency II’s fifth quantitative impact study (QIS5).
 
Michel Barnier, internal market and services commissioner, said the study’s results will help the Commission make a final decision on the amount of capital that insurance and reinsurance companies will be required to hold under Solvency II. “We need reliable, extensive and representative data from the market in order to make the right decisions. I therefore strongly encourage the insurance industry to participate in this exercise.”
 
The Commission hopes at least 60 per cent of EU insurance and reinsurance companies will participate and 75 per cent of EU insurance groups.
 
QIS5 is the Commission’s latest study to ensure Solvency II’s framework is formulated as accurately as possible. It will be run by the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) from August to November 2010.
 
QIS1 to QIS4 took place between 2005 and 2008. Their results helped the Commission prepare the Solvency II Directive and informed subsequent negotiations between the European Parliament and the Council.


Further reading:

Tags: CEIOPS, European Commission, QIS5, Solvency II

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Milmidioreize 28/05/2011 1:46pm

No bad :), it's I remember, to I come in handy

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Milmidioreize 30/05/2011 4:48am

I agree, it's interesting, probably tomorrow ...

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Luckie 14/01/2012 11:41pm

Your articles are for when it absolutely, positively, needs to be undresotod overnight.

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