Technical specification on the long-term guarantee assessment

by European Insurance and Occupational Pensions Authority, 2013

This document contains part I of the technical specifications for the long-term guarantees assessment which is carried out by the European Insurance and Occupational Pensions Authority (EIOPA) on behalf of the European Commission, the European Parliament and the European Council. It needs to be applied in combination with part II of the technical specifications.

The technical specifications should not be seen as a complete implementation of the Solvency II framework, since for the purpose of feasibility of testing exercises, shortcuts and ad hoc simplifications have been included.

This technical specification is inspired by the knowledge that EIOPA has on the current status of the negotiations on Omnibus 2 Directive, the working documents on implementing measures and its own work in the development of Technical Standards and Guidelines at this stage, which will continue evolving in line with the final changes in the Directive and Implementing Measures.