Register of Institutions for Occupational Retirement Provision

Preparatory Phase of the symmetric adjustment of the equity capital charge for Solvency II

Previous Releases of the Risk Free Interest Rate Term Structures

Preparatory Phase of the Risk-Free Interest Rate Term Structures for Solvency II

Symmetric adjustment of the equity capital charge

Calls for comments in the area of reporting and disclosure

Supervisory Reporting and Public Disclosure requirements

EIOPAs work stream on investments in infrastructure by insurers

In recent years, infrastructure investments have been increasingly at the centre of discussions regarding growth promoting initiatives at a global, European and national level. Insurers could be an important source of funds for infrastructure investments as the long-term nature of their liabilities may mean that such investments are suitable for their risk profile.

On the 14 October 2015, EIOPA received a request from the European Commission (EC) for further technical advice on the issue of infrastructure corporates. This followedprevious analysis by EIOPA on the treatment of investments in infrastructure within the Solvency II framework, first as part of the Technical Report on Standard Formula Design and Calibration for Certain Long-Term investments, and afterwards ‚Äčin response to a call for advice on the identification and calibration of infrastructure investment risk categories (work stream on infrastructure projects – see below for more details).

Main goals of the work stream on infrastructure corporates

Identify criteria to define a class of safer debt and equity investments in infrastructure corporates;

Develop a rigorous framework for insurers performing due diligence on such investments;

Analyse the appropriate calibration of such investments, in line with the 99.5% value-at-risk measure provided for by Article 101 of Solvency II.

EIOPA receives a request for further technical advice from the European Commission on infrastructure corporates

EIOPA issues a Call for Evidence on infrastructure corporates

Consultation paper on draft advice on infrastructure corporates

Submission of final advice on infrastructure corporates to the European Commission

EIOPAs work stream on investments in infrastructure projects by insurers conducted in 2015

to develop a definition of infrastructure investments that offer predictable long-term cash-flows and whose risks can be properly identified, managed and monitored by insurers;

to explore possible criteria for the new class of long-term high quality infrastructure assets covering issues such as standardization and transparency; and

alyse the prudentially sound treatment of the identified investments within Solvency II, focusing on

Discussion Paper on Standard Formula Design and Calibration for Certain Long-Term Investments

EIOPAs Technical Report on Standard Formula Design and Calibration for Certain Long-Term Investments

Call for Technical Advice on the identification and calibration of infrastructure investment risk categories in the Commission Delegated Regulation (2015/35) supplementing Solvency II Directive

Discussion Paper on Infrastructure Investments by Insurers

Consultation Paper on the Call for Advice from the European Commission on the identification and calibration of infrastructure investment risk categories

Final Report on Consultation Paper no. 15/004 on the Call for Advice from the European Commission on the identification and calibration of infrastructure investment risk categories

Formal request to EIOPA for further technical advice on the identification and calibration of other infrastructure investment risk categories i.e. infrastructure corporates

Call for evidence concerning the request to for further technical advice on the identification and calibration of other infrastructure investment risk categories i.e. infrastructure corporates

Amendments to the Solvency II Delegated Regulation adopted by the European Commission

Consultation Paper on the request to EIOPA for further technical advice on the identification and calibration of other infrastructure investment risk categories i.e. infrastructure corporates

EIOPA advises to enhance the asset class for high-quality infrastructure investments under Solvency II

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