Risk Margin
Issues with current methodology:
Reform proposals
Matching Adjustment
Issues with current methodology:
Proposed reforms
Investment flexibility
Reporting and Administrative burden
Zenith Actuarial welcomes the proposed changes. The capital savings from the reform package remain uncertain, particularly for those insurers that have a significant Matching Adjustment benefit currently (mainly annuity writers), but other insurers should see a more stable and significantly improved capital position. If you would like to understand the implications of these proposals on your business, please get in touch and we would be happy to assist.
Link to HMT consultation: 20220328_Review_of_Solvency_II_Consultation.pdf (publishing.service.gov.uk)
Link to DP2/22: DP2/22 – Potential Reforms to Risk Margin and Matching Adjustment within Solvency II | Bank of England
The post HM Treasury publishes consultation on Solvency II review appeared first on Zenith Actuarial.
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