Expert paper
2020 review of the Solvency II Directive:
major amendments to pillar 1
Key Insights into the Solvency II Directive Review
The Solvency II Directive, which came into force on the 1st of January 2016, included two review clauses:
- in 2018 concerning the delegated regulation only
- in 2020 concerning the directive and the delegated regulation
In December 2023, the trilogue (European Parliament, Commission and Council) agreed on the Solvency II review, and the final text has just been made public.
After situating this step in the overall timetable for the 2020 review, Addactis experts offer you a summary of the major changes at level 1 (directive) related to Pillar 1, and the issues still to be addressed at level 2 (delegated acts).
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Solvency II Key Changes and Future Challenges
In the dynamic world of insurance regulation, staying ahead is imperative. Delve into the most recent advancements with our in-depth presentation on the Solvency II Directive Review.
What to expect
In-Depth Analysis:
Our experts dissect the intricate changes at level 1 pertaining to Pillar 1, delivering a comprehensive understanding of their implications for the insurance industry.
Revealing Challenges:
Explore the unresolved issues at level 2, gaining a nuanced perspective on the regulatory landscape.
Expert paper table of contents
0. Summary
1. Extrapolation of the risk-free interest rate term structure
2. Volatility adjustment
3. Risk margin
4. Standard formula: Interest rate SCR
5. Standard formula: Equity SCR and symmetric adjustment
6. Other elements relating to Pillar 1
7. Technical information produced by EIOPA
8. Appendix: details of the main amendments to Pillar 1
Dive deep into The Solvency II Directive with Addactis by getting your free copy now!
A content written by:
François BAYÉ
Director, Deputy Head of Actuarial Consulting
Simon THIBAULT
Director, Modeling & Risk Life
Thibaut GILLIARD
Director, Deputy Head of Modeling & Risk Health
Tuyen LE
Manager, Modeling & Risk P&C
About addactis®
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