On 28 January 2013, the European Insurance and Occupational Pensions Authority ("EIOPA") launched a technical assessment of the long-term guarantee package agreed by the European Parliament, the Council of the EU and the European Commission. The aim is to test various options contained in the Solvency II Directive in order to assess the impacts that the implementation of such measures may have on policyholders, beneficiaries, insurance and reinsurance undertakings, supervisory authorities and the financial system as a whole. EIOPA has published Technical Specifications that insurance undertakings (which are informed about their participation by the respective National Supervisory Authority) should follow when providing data for the purpose of the assessment. The report presenting the technical results of the assessment and the conclusion of the EIOPA are planned to be published in June 2013.