EIOPA Report on Calibration of the Premium and Reserve Risk Factors In the Standard Formula

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Door Joël van der Vorst, Niels Van Der Laan, Peter Franken, Roeleke Uildriks | 01 januari 2012

On 12 December 2011, the European Insurance and Occupational Pensions Authority (EIOPA) published a report on the Joint Working Group (JWG) for Non-Life and Health NSLT calibrations. This document follows from the commitment of EIOPA in its advice for Level 2 measures to revise the QIS5 calibrations of the premium and reserve risk factors in the underwriting risk module of the SCR standard formula.

This summary from a non-life perspective discusses how the proposed risk factors have been amended. (A separate summary is available covering the health NSLT aspects of the report.)