Regulatory Alerts2022-02-10
Added · Updated
Commission Implementing Regulation (EU) 2022/186 laying down technical information for the calculation of technical provisions and basic own funds
The European Commission mandates that insurance and reinsurance undertakings use specific technical information to calculate technical provisions and basic own funds for reporting reference dates from 31 December 2021 until 30 March 2022. This requirement applies the risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments published by the European Insurance and Occupational Pensions Authority based on end-December 2021 market data. The Regulation entered into force on 12 February 2022 and applies retroactively from 31 December 2021.