‘What is the AAE’s official position on Solvency II review?’
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.
This article was published in The European Actuary No. 25 – March 2021