Existing tools in Solvency II of potential relevance for the current COVID-19 situation

In view of recent developments at EIOPA BoS level regarding COVID-19 and the impact on financial markets/solvency positions, the secretariat  of Insurance Europe has put together a table with tools in Solvency II that could be relevant in the current context. Some tools are not currently used and would need a trigger for being used (eg Art 138), while others are already in use by some companies and their use could be amended/enhanced (eg transitionals).

Existing tools in Solvency II of potential relevance for the current COVID-19 situation – draft.pdf

This is a rough collection of tools – for discussion in the IE structures.