EIOPA published on its website an EC request for information on the impact of Solvency II on long-term insurance and reinsurance activities.
The Request for Information comes in the context of the 2020 Solvency II review. In addition to the information already provided by EIOPA, the Commission has identified other areas where investigation should help assess the appropriateness of the current framework by 2020.
EIOPA is invited to provide the following information:
- Information on insurance liabilities
- Information on asset management of insurers
- Information on long-term guarantee measures
- Information on the market valuation of insurance liabilities
The deadline for EIOPA to deliver the information to the EC is 16 December 2019. Closer to the 1 January 2021 deadline for the review, the Commission will follow with a Call for Advice.
For more information, please see the EC Request for Information (https://eiopa.europa.eu/Publications/Requests%20for%20advice/Request%20for%20information%202018-04-25.pdf )
and related cover letter ( https://eiopa.europa.eu/Publications/Letters/COM%20request%20for%20info%20on%20impact%20of%20SII%20on%20long%20term%20insurance%20and%20reinsurance%20activities.pdf )