EIOPA publishes SCR assumption: EIOPA has published the document setting out the underlying assumptions in the standard formula for the Solvency Capital Requirement (SCR) calculation. From 2015 insurers need to start assessing to what extent their risk profile deviates from those underlying assumptions, as the standard formula may not cover all risks an insurer is exposed to and which therefore would require additional capital buffers. (Source: SCR Standard Formula)

EU-US Insurance Project updated: The EU-US Insurance Project, where the EU is represented by the Commission and EIOPA, has updated its Way Forward document. Among the actions expected by the end of the year, the Project will evaluate the use of a covered agreement to achieve its stated group supervision objectives. (Source: The Way Forward July 2014 Update)