Regulatory Alerts2024-11-18
Added · Updated
Commission Implementing Regulation (EU) 2024/2883 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 30 September 2024 until 30 December 2024. This Regulation requires the use of relevant risk-free interest rate term structures, fundamental spreads for the matching adjustment, and volatility adjustments as set out in Annexes I, II, and III. The rules apply uniformly to all insurance and reinsurance undertakings in the EU, entering into force on the day following publication in the Official Journal.
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