Solvency II: QIS5 specs released

InsuranceERM.com does the heavy lifting:

The final specifications for the fifth quantitative impact study (QIS5), published today by the European Commission, are a slight improvement for the insurance industry compared to the draft specifications, but the broad themes remain the same.In a letter to the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS), the Commission said it has made a “number of changes to the technical specifications.” It also acknowledged that “not all stakeholders or member states are totally satisfied with the choices made by the Commission…but we have done our best to reconcile the different positions and to test compromise approaches wherever possible.”

The article also says there will almost certainly be a QIS6.

Actual specs are here (pdf).

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