Regulatory Alerts2025-02-06
Added · Updated
Commission Implementing Regulation (EU) 2025/216 laying down technical information for calculating 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 periods with reference dates from 31 December 2024 until 30 March 2025. This requirement applies to data based on market conditions at the end of December 2024, including risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments as detailed in the Regulation's Annexes. The Regulation entered into force on 8 February 2025 and applies retroactively from 31 December 2024 to ensure uniform calculation standards across the EU.
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