In response to the amendment proposed by S&D on profit-sharing reserve schemes, the secretariat of Insurance Europe, working with GDV, FA and Insurance Sweden, has prepared a paper on the Solvency II treatment of such schemes including the arguments on why a potential ban would have a detrimental impact on undertakings and policyholders.
Insurance Europe note on the treatment of profit-sharing reserve schemes under Solvency II.docx – draft