If everyone says we got QIS 5 wrong, then we must have got it right: van Hulle

European Commission rejects industry criticism over the calibration of QIS 5


Karel van Hulle, head of the insurance and pension unit in the European Commission's (EC) financial institutions division, mounts a spirited defence of the fifth quantitative impact study (QIS 5) calibrations for Solvency II, arguing that "if everyone says we got it wrong, then we must have got it right".

Speaking at the Association of British Insurer's Solvency II conference in London, van Hulle concedes the EC has come under a lot of criticism for some of the approaches outlined in QIS 5 and

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