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EIOPA updates representative portfolios to calculate Solvency II volatility adjustments

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Published on: 16 December 2020

Published by LNB News

LNB News 16/12/2020

Document Information

Issue Date: 16 December 2020

Published Date: 16 December 2020

Jurisdiction(s): United Kingdom

Article summary

The European Insurance and Occupational Pensions Authority (EIOPA) has published updated representative portfolios to be used in calculating the volatility adjustments (VAs) to the relevant risk-free interest rate term structures for Solvency II. EIOPA will begin using the updated portfolios at the end of March 2021, and updated VAs will be published at the beginning of April 2021. The updates are being published three months ahead of introduction in order to give insurers and re-insurers sufficient time to prepare for the change.

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