Germany shifts towards market valuation


In what many believe will be a decisive step among European insurance supervisors, BaFin, the German financial services regulator, has signalled a shift away from its current book value capital framework towards market-consistent valuation. However, the shift is likely to be initially made not at the Pillar I or quantitative capital requirement level, but rather via the Pillar II or supervisory review process. This cautious approach seems to reflect a German drive for consensus amid signs of a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

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 individual account here