CP39-42 the key implications
Last updated 20th October 2009 - The calculation of the Technical Provisions is central to the Solvency II process and CP39 – 42 cover much of the detail, the core of the proposals being a market-consistent valuation of liabilities. Andy Frepp looks at the implications of the proposed regulation.
Although the formal implementation of Solvency II is still over two years away, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) have already issued a large number of consultation papers (CPs) containing detailed proposals for implementation measures. Andy Frepp discusses what the implications of these proposals might mean for insurers.
