QIS 5 won’t lead to ‘anything of great meaning’ says RSA

The fifth quantitative impact study (QIS 5) to calibrate the requirements of Solvency II – to run between August and November – “will not lead to anything of any great meaning”, according to David Innes, head of economic capital at UK-based insurer RSA, and instead will presage a sixth iteration of the QIS process next year.

Speaking at rating agency Fitch’s annual insurance update, Innes expressed scepticism over the future development of the Solvency II directive and said: “I’ll bet we’ll have