On 4 November 2013, the Central Bank published its long
awaited "Guidelines on Preparing for Solvency II"
(the Guidelines) which reflect the EIOPA
Guidelines published in October. The purpose of the Guidelines is
to assist insurance companies in taking active steps towards
implementing certain key elements of Solvency II.
The Guidelines cover the following key areas of Solvency
II:
- Systems of Governance;
- Forward-looking assessment of own risks;
- Submission of information to the Central Bank; and
- Pre-application of internal models.
Please click here to view the Guidelines in full.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
