Regulatory Alerts2025-06-26
GFSC Guidance Note on Solvency 2: Calculation of technical provisions
The Gibraltar Financial Services Commission issues this guidance to define expectations for insurers calculating technical provisions under the Solvency 2 framework. The document permits simplified methods for deriving the best estimate of recoverables from reinsurance, handling premium adjustment mechanisms, and calculating counterparty default adjustments. It further allows firms to use approximations or derived values for risk margin calculations to ensure proportionality to the nature and complexity of their risks.
Share