AAE News

Video AAE Roundtable on Sustainability and Climate Risks – now online!

13 April 2021

The video of the AAE Roundtable on Sustainability and Climate Risks, held on 23 March 2021, is now available on actuview.

 

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AAE responds to EIOPA’s staff paper on measures to improve the insurability of business interruption risk in light of pandemics

30 March 2021

AAE submitted a response to EIOPA’s staff paper on measures to improve the insurability of business interruption risk in light of pandemics.

AAE’s submission can be found here.

 

 

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AAE responds to EIOPA’s Pilot dashboard on insurance protection gap for natural catastrophes

AAE submitted a response to EIOPA’s Pilot dashboard on insurance protection gap for natural catastrophes.

AAE’s submission can be found here.

 

 

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Solvency II review proposal for long term valuation: Significant risk to destroy values!

16 March 2021

Wilhelm Schneemeier
Chairperson AAE 

 

On first sight this may sound more like a lobbyist statement than a prudent actuarial position. Why does AAE not support the proposal of EIOPA to reduce the risk-free interest rate significantly after 60 years (see also articles in the March issue of “The European Actuary”)? Let me explain step by step why EIOPA’s advice concerning the extrapolation is not justified and even contradicts many actuarial principles and is not aligned with the existing Solvency II framework.

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‘What is the AAE’s official position on Solvency II review?’

15 March 2021

EIOPA Opinion on Solvency II review – Concerns of AAE

By Jennifer Baker

 

This article is a summary of the official AAE Position Paper.

In February 2021, the Actuarial Association of Europe (AAE) set out its main positions regarding the Solvency II 2020 review.

 

While acknowledging that Solvency II is intrinsically a well-functioning, risk-based framework, the AAE believes that the experience of the past five years of application, along with the low interest environment, reveal a need to change parts of the current framework.

 

Read the full article here.

 

This article was published in The European Actuary No. 25 – March 2021

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