Solvency II extrapolation proposals feed volality debate


The European Insurance and Occupational Pensions Authority’s (Eiopa) report on the long-term guarantees impact assessment (LTGA) raised eyebrows sky-high among the European insurance industry. Insurers had hoped the study would resolve the vexed issue of how to value long-term liabilities in a way that reflects their business practices, but instead it produced a range of new and revised fixes that left almost everyone unhappy. Critics say that in some instances, Eiopa, responsible for c