QIS 5 makes its mark
European insurers are gearing up to take part in Solvency II’s latest and final quantitative impact study. John Ferry assesses what the latest proposals suggest about the impact of the new regime
The European Commission’s fifth quantitative impact study (QIS 5) on Solvency II, the new risk-based capital regime for European insurers due for implementation in November 2012, will run between August and mid-November this year. The exercise should be the last, and perhaps given the lessons of the financial crisis the most significant, opportunity for regulators and firms to assess how the Solvency II requirements will impact their firms and what their ultimate risk-based capital levels might
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