Health Insurance Data Science & AI Careers About Contact Us The 2020 Solvency II Review and update on earlier amendments: European Commission issues Call for Advice By Wouter Elshof, Eoin King, Kurt Lambrechts, Olivier Mahieux, and Karl Murray 18 June 2019 Download PDF 0.3MB Share The Solvency II Directive requires that certain areas must be reviewed by the European Commission by the end of 2020. The Commission has now written to EIOPA requesting its advice by 30 June 2020 on items that it has identified as deserving a reassessment. In forming its advice, we expect that EIOPA will issue a series of industry consultations addressed to various stakeholders over the coming months. Any proposed changes will be high on the agenda of actuarial functions and risk functions and (re)insurers will need to carry out an impact assessment in relation to areas affecting them. In this briefing note, we set out the areas covered by the Commission’s latest request for the 2020 review of the whole Solvency II framework. We also cover a separate request that the Commission has issued to EIOPA related to insurers’ asset and liability management, which is also part of the 2020 review process as well as an update on the latest news in relation to the 2018 interim review of the Solvency II Delegated Regulation. About the Author(s) Wouter Elshof Amsterdam (Insurance & Financial Risk) Tel: 31 20 7601 801 View bio Eoin King Dublin Tel: 353 1 6475528 View bio Kurt Lambrechts Brussels Tel: 32 499 221636 View bio Olivier Mahieux Luxembourg Tel: 352 28 488 486 View bio Karl Murray INSIGHT Related Milliman Insight ARTICLE Benchmark Rates Liquidity Monitor: Issue 8 Our monthly report reviews 20 charts showing the main metrics for total liquidity for interest rate and overnight indexed swaps, and for those same categories by tenor. Read more ARTICLE Dutch pension reform: How does it impact your accounts? Read more ARTICLE Market insight from year-end 2020 SFCRs: Analysis of non-life insurers based in the N... Read more ARTICLE Benchmark Rates Liquidity Monitor: Issue 5 Read more ARTICLE Benchmark Rates Liquidity Monitor: Issue 4 Read more View more resources Contact us We’re here to help you break through complex challenges and achieve next-level success. Contact an expert ABOUT Our Story Social Impact Media Center Office Locations Experts EXPERTISE Health Insurance Data Science & AI CAREERS Careers Home Our Work Experienced Hires Students & Grads Job Search ABOUT MILLIMAN For more than seven decades, we have combined technical expertise with business acumen to create elegant solutions for our clients. Today, we are helping organisations take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation. Copyright © 2021 Milliman, Inc. All Rights Reserved Copyright information Terms of use Privacy policy BE (English)