It’s All About ORSA Now, So Don’t Let Your Solvency II Team Drift Off To Do Other Things

It is interesting to note that in his Jan 31st speech Gabriel Bernardino, Chairman of EIOPA, reiterated EIOPA’s intention to issue guidelines to national supervisors to ensure that from 2014 the supervisors and insurance entities are prepared for the Solvency II regime in a consistent way.

The focus/priority of EIOPA now appears to be the aspects of the Solvency II regime that are management related, rather than Pillar 1 calculation related. The ‘certain important aspects’ covered in the

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