Internal model should not be mandatory for VA business – MetLife

Internal model should not be mandatory for VA business – MetLife

Writers of variable annuity (VA) products in Europe should not be required to use an internal model - as proposed in a recent paper by European regulators - when determining capital requirements, according to the European arm of US insurer MetLife.

The Committee of European Insurance and Occupational Pensions Supervisors' (Ceiops) consultation paper 83, released in November last year and recently closed for industry comment, argued that the particular nature of VA business meant that an approach