Tier 1 Vif will mean no additional capital needed under Solvency II


Any increase in capital levels for Solvency II can be met from value-in-force (VIF) – the estimated expected future profits gained from insurance policies – according to Dario Focarelli, economic and financial director at the Italian Insurance Association (Ania).

While the results of the fifth quantitative impact study (QIS 5) will not be published until early next year, Focarelli is confident that QIS 4 demonstrated that for the Italian market the inclusion of VIF means there will be an overall

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