CEIOPS out with Quantitative Impact Study 2 Report

CEIOPS (the Committee of European Insurance and Occupational Pensions Supervisors) has published its report on the results of its second Quantitative Impact Study, QIS2. CEIOPS hopes that the report will allow it to offer more practical advice on calculating solvency capital requirements (SCR) for the Solvency II project.Solvency II aims to incentivise insurance firms to use, and reward them for using, modern risk management practices appropriate to the size and nature of their business.Some