EIOPA invites external stakeholders to provide their feedback on the Technical Document on the Relevant Risk Free Rate Term Structures. The Technical Document describes the methodology, assumptions and identification of the data for the calculation of the relevant risk free interest rate term structures, which in turn are used for the calculation of technical provisions. The Technical Document intends to ensure full transparency of the calculation process. EIOPA has published it at the earliest possible stage in order to provide a key input for the risk management and assessment of the financial and solvency position of (re)insurance undertakings under the impending Solvency II regime. Many parameters of the risk free rates are already determined by EU legislation. However, some alternatives remain and by the current paper EIOPA would like to collect the views of stakeholders on the proposals it suggests. EIOPA believes that its proposals will be beneficial for policyholders as they enhance the level playing field of the EU single insurance market, thus, facilitating the valuation of undertakings and the work of supervisors. The consultation will end at 12.00 hrs CET on 21 November 2014. The consultation paper, the additional illustrative materials and the Template for Comments can be viewed here: goo.gl/wPbvWs
Posted on: Sun, 02 Nov 2014 09:09:29 +0000
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