The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) announced on 16 December 2010 the completion of the first phase of QIS5.
“Almost 70% of all insurance and reinsurance companies under the scope of the Solvency II directive, which represents a significant market share, participated in QIS5, up from 33%, who participated in QIS4. Additionally, 165 insurance groups participated, up from 111 under QIS4.”
For the full text of the announcement, follow the link to the CEIOPS website:
