Waves queries

Wave Queries Set from the Committee of European Insurance Supervisors and Pensions (CEIOPS) is issued in connection with the development of a new solvency system (Solvency II) for life and property insurance and reinsurance liabilities.

While issuing the Wave Queries, CEIOPS invites all the interested parties to submit their views on what CEIOPS should take into account in its notifications to the European Commission.

To this day, CEIOPS has published three Wave Queries Sets on the Solvency II.


First specific calls

Cfa. 1- Internal control and risk management
Cfa. 4 - Transparency of Supervision Body’s activities

Cfa. 2 - Supervisory practices for solo entities (general)
Cfa. 5, 6 - Policies and investment management ALM - the management of assets and liabilities
Cfa. 3 - Supervisory review process - quantitative tools
 

 

This study is the framework document for the European Insurance Committee and Occupational Pensions Supervisors (CEIOPS) and other participants concerning the development of new solvency system (Solvency II) for life insurance, property and reinsurance.

This document covers the whole Solvency II project. It designates the principles and guidelines within which CEIOPS should prepare its questions. Apart from this study CEIOPS
will be asked to prepare a request concerning details of the new solvency system ("specific calls for advice "), which will be attached to the document below.

opracowanie_ramowe_do_konsultacji.pdf

Here you will find the documents constituting the First Wave of Requests:

first_specific_calls_for_advice_from_ceiops.pdf
first_specific_calls_for_advice_from_ceiops_letter.pdf

Second specific calls

Cfa. 7 - Technical provisions in life insurance
Cfa. 11 – Security solvency capital requirement: internal risk models and their verification
Cfa. 15 – Solvency control levels



Cfa. 8 - Technical provisions in life insurance
Cfa. 12 – Reinsurance




Cfa. 16 – The criteria: "Fit and Proper”


Cfa. 9 – Measures of Security (MCR)
Cfa. 13 – QIS Quantitative Research and issues related to data
Cfa. 17 – Research “peer review” (mutual supervisions / evaluations)
Cfa. 10 – Security solvency capital requirement: the standard formula
Cfa. 14 – Powers of supervisory body


Cfa. 18 – Issues relating to the supervision of capital groups

 

Below you will find the documents constituting the second specific calls for advice:

second_specific_calls_for_advice_from_ceiops.pdf
second_specific_calls_for_advice_from_ceiops_letter.pdf

Third specific calls

Cfa. 19 – Permissible capital instruments to cover the capital requirements
Cfa. 21 – Reporting to the needs of the supervisory authority and the scope of information exposed to the public
Cfa. 23 – Small businesses


Cfa. 20 – Cooperation between supervisory authorities
Cfa. 22 – Procyclicality

 

Below you will find the documents constituting the Third Specific Calls For Advice:

third_specific_calls_for_advice_from_ceiops.pdf
third_specific_calls_for_advice_from_ceiops_letter.pdf