EIOPA · 1686

1686

Regulation
(EU) No 2009/138 - Solvency II Directive (Insurance and Reinsurance)
Submitted
2018-10-22
Answered
2019-09-17
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Question

“The weight for the parameter expressed in point (b) of the first subparagraph shall increase at least linearly at the end of each year from 0 % during the year starting on 1 January 2016 to 100 % on 1 January 2023.” this can be read in different ways. If the initial stress is 22% on the transitional start date of 1/01/2016, should this 22% be increased to the next year’s stress on (or indeed before) the EOY valuation date, or is it okay to increase this on 01/01/2017?

Answer

In the case described in the question the weight for the parameter expressed in point (b) of the first subparagraph should be increased to at least 1/7 on 31 December 2016. The weight should be 7/7 on 31 December 2022.
View original on European Insurance and Occupational Pensions Authority ↗

This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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