CEA position

Here you can find the documents published by the CEA in the context of the Solvency II project. CEA, as a branch institution, is invited to provide comments and occupy positions on the Solvency II related publications.

CEA Responses to CEIOPS Consultation Papers

Within open consultation with the market carried out by CEIOPS there was published a second phase of Consultation Papers to the implementing legislation of Solvency II Directive. This consultation is a continuation of the first phase carried out from March to June 2009 and is aimed at providing recommendations on basic supervisory lines for the European Commission.

Consultation Papers of second phase are available on the CEIOPS website:

www.ceiops.eu/consultations/consultation-papers/index.html

CEA prepares comments and opinions in response to the content of consultation documents. The final text of the CEA comments will be published shortly.

CEA Response to CEIOPS Consultation Papers 15-19

This document is a response to CEIOPS Consultation Papers No.15-19. Topics of these studies include various elements of the future Solvency II regime:

CP15 ” supervisory reporting and public disclosure requirements
CP16 ” Pillar II issues relating to reinsurance
CP17 ” capital add-ons Pillar II for solo individuals and groups
CP18 ” harmonization of supervisory bodies in the context of solo and group
CP19 ” safety measures

cea_reponse_to_ceiops_15-19_cp.pdf

CEA Response to CEIOPS Consultation Paper 20

This study is a response to the consultation paper CEIOPS 20. Topics covered in CP 20 include, in particular, a quantitative valuation of assets and liabilities, the SCR standard formula, the MCR, the application of partial and full internal models and a measure of security.

cea_reponse_to_ceiops_20_cp.pdf

CEA Response to CEIOPS 20 contains detailed comments

This study provides a detailed response to CEIOPS Consultation Paper 20, and it should be read together with "the CEA's response to CEIOPS Consultation Paper 20" ("CEA Response to CEIOPS 'Consultation Paper 20").

cea_detailed_reponse_to_ceiops_20_cp.pdf

Solvency II: Understanding the process

This publication provides an interesting description of the Solvency II project for those people who are just beginning their adventure with the topic. This document distinguish key elements of the project and provides insight into the subjects of discussion on the project, important participants in the debate and its timing. This study complements an earlier publication of CEA: "Solvency II - Introductory Guide."

zrozumienie_procesu.pdf

Solvency II: Frequently asked questions

Solvency II has an impact on a substantial number of different issues. The document "Frequently Asked Questions" provides answers to many of them. This study will be regularly updated by CEA. Links contained in the document will enable the reader to find quickly the additional information and the efficient movement between subjects.

czesto_zadawane_pytania.pdf

Here you will find CEA suggestions about amendments on the Directive project:

cea_second_set_of_amendments_on_solvency_ii_directive.pdf

CEA Responses to CEIOPS Consultation Papers

In March 2009, CEIOPS released a series of Consultation Papers on specific areas of the Solvency II Directive:

CP 26 - Methodologies (actuarial and statistical) for calculating the Best Estimation.

CP 27 - Segmentation of lines of business for the insurance and reinsurance.

CP 28 – Frame of the solvency risk of customers in the standard formula for the SCR.

CP 29 - Criteria for acceptance of additional own funds.

CP 30 - The inclusion of future premiums in the assessment of technical provisions.

CP 31 - Qualitative approach to risk mitigation techniques.

CP 32 - Appraisal of circumstances, in which future management decisions should be taken into account in the calculation of technical provisions.

CP 33 - Key issues to ensure proper management system for insurers and reinsurers.

CP 34 - The principles of transparency of public reporting.

CP 35 - Issues of acts of valuation methods and other commitments.

CP 36 - Approach to the SPVs (Special Purpose Vehicles).

CP 37 - Procedures for the validation of internal models.