Solvency II proposals cause confusion on non-euro extrapolation

Draft delegated acts suggest the last liquid point for non-euro currencies could shift


Inconsistencies in the latest draft of the Solvency II delegated acts threaten to undermine how insurers value their long-term liabilities in currencies other than the euro.

Proposed changes by the European Commission could make it harder for insurers to hedge against movements in the risk-free rate curve used to discount non-euro liabilities.

T he latest draft of the delegated acts, which set some of the detail for Europe's Solvency II insurance regulation and were circulated informally to

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: