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Solvency II and the Work of CEIOPS

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  • Thomas Steffen

    (CEIOPS, Westhafenplatz 1, 60327 Frankfurt am Main, Germany.)

Abstract

This paper by the Committee of European Insurance and Occupational Pensions Supervisors' (CEIOPS) Chair gives an overview of the main current features of the Solvency II project and CEIOPS work on it, at the time of writing (September 2007). After a brief summary of reasons, drivers and objectives for the proposed new regime, some of the details are described, in terms of CEIOPS' published Advice to the European Commission. Technical provisions, consistency with International Accounting Standards Board, and lead aspects of the three Pillars – solvency capital requirements, minimum capital requirements , internal models, qualitative criteria, supervisory review process, disclosure – are mentioned. CEIOPS' Qualitative Impact Studies are then outlined. The paper concludes with some open political issues. The Geneva Papers (2008) 33, 60–65. doi:10.1057/palgrave.gpp.2510162

Suggested Citation

  • Thomas Steffen, 2008. "Solvency II and the Work of CEIOPS," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 33(1), pages 60-65, January.
  • Handle: RePEc:pal:gpprii:v:33:y:2008:i:1:p:60-65
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    Citations

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    Cited by:

    1. Marcos Escobar & Paul Kriebel & Markus Wahl & Rudi Zagst, 2019. "Portfolio optimization under Solvency II," Annals of Operations Research, Springer, vol. 281(1), pages 193-227, October.
    2. Antoni Ferri & Lluís Bermúdez & Montserrat Guillén, 2012. "How to use the standard model with own data?," Working Papers XREAP2012-03, Xarxa de Referència en Economia Aplicada (XREAP), revised Feb 2012.
    3. Eling, Martin & Gatzert, Nadine & Schmeiser, Hato, 2009. "Minimum standards for investment performance: A new perspective on non-life insurer solvency," Insurance: Mathematics and Economics, Elsevier, vol. 45(1), pages 113-122, August.
    4. Kochanski, Michael, 2010. "Solvency capital requirement for German unit-linked insurance products," German Risk and Insurance Review (GRIR), University of Cologne, Department of Risk Management and Insurance, vol. 6(2), pages 33-70.

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