Lack of clarity on calculation parameters jeopardises long-term guarantees test

market volatility
Insurers offering long-term guarantees must deal with market volatility

Insurers will struggle to participate in the exercise to assess the impact of Solvency II on products with long-term guarantees if the full technical specifications for the exercise are not published imminently, experts warn.

The long-term guarantee assessment (LTGA) is set to begin on January 28, but the European Insurance and Occupational Pensions Authority (Eiopa), which is running the assessment, has come under fire both for scheduling the exercise during firms' year-end reporting period and

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