Regulatory Alerts2019-03-08
Added · Updated
Commission Delegated Regulation (EU) 2019/981 amending Delegated Regulation (EU) 2015/35 on Solvency II
The European Commission amends Delegated Regulation (EU) 2015/35 to modify the Solvency Capital Requirement standard formula for insurance and reinsurance undertakings. The changes introduce specific rules for privately placed debt, private equity, and long-term equity investments, while aligning counterparty default risk treatments with those for credit institutions. It also establishes criteria for qualifying own-fund items, simplifies calculation burdens for lapse, natural catastrophe, and fire risks, and adjusts parameters for risk-free interest rate term structures and volatility adjustments.