The publication of EIOPA’s final guidelines for the preparation of Solvency II should reinvigorate insurers’ Solvency II preparations. These guidelines are a key milestone towards Solvency II’s implementation.
EIOPA published the results of its Long-Term Guarantee Assessment (‘LTGA’) on 14th June 2013. This proposed extending the scope of the ‘classical matching adjustment’ to non-life liabilities, provided these comply with the qualifying criteria.
The aim of this paper is to help insurers cut through the detail by looking at the underlying trends that are shaping the latest regulatory developments, the thinking behind them and the implications for their strategy and operations.