EIOPA published report on the fifth Quantitative Impact Study for Solvency II on 14 March 2011.
To read final report go to
To read the letter to the European Commission go to
On 25 March 2011 EIOPA held a stakeholder hearing on QIS5. Click
here to view the presentation highlighting the general findings.
Backkground Quantitative Impact Study 5
The European Commission has requested CEIOPS to run the QIS5 exercise between August and November 2010 and publish a report on the results of that exercise in April 2011 in order to provide quantitative input to the finalisation of the Commission's proposal on level 2 implementing measures for the Solvency II Framework Directive.
Below, interested parties are provided with all documents and information available and needed for the purpose of the QIS5 exercise.
New: On September 23rd, 2010 CEIOPS launched a Europe-wide data request with an original deadline of November 30th, 2010. In order to achieve a larger response rate and enhance the accuracy of the revision exercise as much as possible, the deadline has been extended to December 31st, 2010.
Note 1: CEIOPS publishes the main characteristics of the Process for analysing group data in QIS5, including the rules of confidentiality for handling the group centralised database.
Note 2: CEIOPS also provides for enhanced support an overview of all QIS5 documents in sections above. The overview is subject to continuous change as it shall be updated as per each additional CEIOPS posting.
Note 3: CEIOPS is currently collecting data to review the calibration of the premium and reserve risk factors in the non-life underwriting risk module of the SCR standard formula. The data should be submitted to national supervisors by 30 November 2010 using the template provided by CEIOPS and will be used to provide the European Commission with recommendations on the calibration of these factors for finalising Level 2 implementing measures.