Solvency II transitional measures come under fire
Concerns about costs and suitability of phase-in of capital charges
Measures to phase in Solvency II's capital requirements will increase the costs of implementation and load additional administrative burdens on insurers, experts say.
The transitional measures, outlined in the technical specifications for the long-term guarantees impact assessment (LTGA), propose gradually introducing the full effects of Solvency II over a seven-year time period for liabilities that do not qualify for the matching adjustment.
There are concerns that the application of these
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