EIOPA Work Programme 2013 - EIOPA - Europa

Deliverables
Guidelines on the use of expert judgment in
internal models
Guidelines on probability distribution
forecasts in internal models
Guidelines on the methodological consistency
between methods to calculate the probability
distribution forecast with the methods to
calculate the technical provisions in internal
models
Priority Resources 4 Objective Origin of request
H 0.25 FTE
assess and what an undertaking
should do to ensure compliance
with the use test for full and
partial internal model approval
Article 120 SII Directive.
Specify requirements
undertakings should comply
with in relation to assumptions
based on the expertise of
individual persons or
committees with relevant
knowledge, experience and
understanding of the risks
inherent in the insurance or
reinsurance business, whether
they are used in models for risk
(“internal models”) or models
for the valuation of assets and
liabilities.
Article 77)
H 0.25 FTE Provide requirements on the
knowledge of the risk profile
and the richness of the
probability distribution forecasts
used produced by undertakings
as an output of their internal
model.
Article 121 SII Directive.
H 0.25 FTE Provide requirements for
assessing the consistency
between the methods used to
calculate the PDF and the
methods used for the valuation
of assets and liabilities for
38/65
report March 2012)
Omnibus II Directive
(European Commission
proposal January 2011)
(Potentially RTS – ECON
report March 2012)
Omnibus II Directive
(European Commission
proposal January 2011)
(Potentially RTS – ECON
report March 2012)
Omnibus II Directive
(European Commission
proposal January 2011)
(Potentially RTS – ECON
report March 2012)
© EIOPA 2012