On 7 October 2015, EIOPA published technical information relating to the relevant risk free interest rate term structures to be applied in the calculation of technical provisions by (re)insurers. The methodology for calculating the term structures was subsequently updated by EIOPA on 27 October. EIOPA is also reviewing the methodology used to derive ultimate forward rates (UFRs) to calculate the risk-free interest rate term structures. However, it is not intended to change the currently used UFRs until the end of 2016.
Separately, technical information has also been published on the symmetric adjustment of the equity capital charge for Solvency II.
A link to the modified documentation on the technical information on the relevant risk free interest rate term structures is here and the press release on EIOPA’s review of the relevant methodology is here.
A link to the documentation on the technical information relating to the symmetric adjustment of the equity capital charge is here.