On 25 September 2015, EIOPA published an opinion regarding the group solvency calculation under Solvency II where a group includes a (re)insurer in a third country jurisdiction that has achieved equivalence (or provisional equivalence). EIOPA has identified risks arising from potential differing practices of assessing group solvency in such a scenario. Its opinion sets out recommend methods of dealing with issues including the capital requirement of the third country (re)insurer, availability of eligible own funds at group level and monitoring of group solvency position. Practical examples are included in the Annex to the opinion.
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EIOPA publishes opinion on group solvency
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