The final hurdle for Solvency II
The fifth – and final – quantitative impact study for calibrating Solvency II was published in March and the results were less capital-intensive then some industry figures had feared. With the 2013 finish line in sight, what issues remain? Aaron Woolner reports
The run-up to the publication of the results of the fifth quantitative impact study (QIS 5), published by the European Insurance and Occupational Pensions Authority (Eiopa), was met with some serious negative publicity. One critic was Jorg von Furstenwerth, chairman of the German Insurance Association’s (GDV) executive board, who was scathing at the preliminary results of the test his organisation had received. “The Solvency II test run has shown that the regulations are not ready for
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