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.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact firstname.lastname@example.orgRegister
EIOPA – launch of long-term guarantee assessment
Popular articles from this firm
If you would like to learn how Lexology can drive your content marketing strategy forward, please email email@example.com.
Related topic hubs
Senior Legal Counsel
" I am very pleased with the content of the Lexology newsfeeds. They are a centralized way of getting legal related updates from many jurisdictions and a great way to stay informed with a minimal time commitment."