EIOPA consults on the calculation process for the Solvency II relevant risk free interest rate

The European Insurance and Occupational Pensions Authority (EIOPA) invites
external stakeholders to provide their feedback on the Technical Document
on the Relevant Risk Free Rate Term Structures. The Technical Document
describes the methodology, assumptions and identification of the data for
the calculation of the relevant risk free interest rate term structures,
which in turn are used for the calculation of technical provisions.

The Technical Document intends to ensure full transparency of the
calculation process. EIOPA has published it at the earliest possible stage
in order to provide a key input for the risk management and assessment of
the financial and solvency position of (re)insurance undertakings under
the impending Solvency II regime.

Many parameters of the risk free rates are already determined by EU
legislation. However, some alternatives remain and by the current paper
EIOPA would like to collect the views of stakeholders on the proposals it
suggests.

EIOPA believes that its proposals will be beneficial for policyholders as
they enhance the level playing field of the EU single insurance market,
thus, facilitating the valuation of undertakings and the work of
supervisors.

The consultation will end at 12.00 hrs CET on 21 November 2014.

Comments should be submitted using the dedicated Template for Comments via
email to Consultation_TD_RFR(at)eiopa.europa.eu (Link:
Consultation_TD_RFR@eiopa.europa.eu ). Please note that comments submitted
after the deadline or not submitted on the provided template cannot be
processed.

The consultation paper, the additional illustrative materials and the
Template for Comments can be viewed here (Link:
https://eiopa.europa.eu/consultations/consultation-papers/index.html ).




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