Now is the time for clarity
Insurers would welcome greater clarity on matching adjustment rules under Solvency II. The actions of the UK regulator have helped in part, and might indicate how ambiguities in elements of the new regime will be resolved in practice
Preparations for Solvency II are now being discussed in terms of months and weeks, rather than years. And one area in which insurers will sense time running away from them faster than they would wish is the preparation of submissions for the matching adjustment.
The window for submissions is expected to open in April next year, with insurers in the UK (where use of the matching adjustment is expected to be most widespread) submitting as part of the pre-assessment process during December and
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