Eiopa resists calls to ease Orsa risk quantification requirements
But relaxes solvency projection rules in updated draft level 3 guidance on Own Risk and Solvency Assessment
Insurers will need to quantify all risks for their Own Risk and Solvency Assessment (Orsa) but they will no longer need to project their solvency requirements for each separate year of the Orsa projection period, according to new draft guidelines.
Insurers' calls for more guidance on how the proportionality principle will be applied in the Orsa were resisted in the European Insurance and Occupational Pensions Authority's (Eiopa) updated guidance on the Orsa.
Eiopa's final report and guidance
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