In response to the European Commission’s request for technical advice (here), EIOPA has launched a ‘consultation on the future implementation of the new proportionality framework under Solvency II.’ (here). The consultation aims to gather feedback on various options and draft advice, ensuring the final recommendations to the Commission are well-informed and reflective of stakeholders’ views.
In its draft advice EIOPA concludes the proposed proportionality/SNCU methodology is clear and focuses on conditions for permitting the use of proportionality measures by non-SNCUs by proposing three options.
Insurance Europe has prepared the response to EIOPA’s consultation paper on the implementation of the new proportionality framework under Solvency II