The fifth Quantitative Impact Study on the Solvency II implementing measures (QIS5) was launched by the European Commission (the Commission) on 23 August 2010. The study will run until November 2010 and the Commission notes that it is aiming for a participation rate of at least 60% of EU insurance and reinsurance companies and 75% of EU insurance groups. Of particular importance to the Commission is participation by smaller insurance companies and insurance providers specialised in specific business lines.

Solo undertakings must submit responses by the end of October 2010 and group undertakings by mid November 2010.

The Commission's press release can be found here. The full QIS5 documents, published by the Committee of European Insurance and Occupational Pensions Supervisors, are here and here.