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Nordic experience informs Solvency II LTG debate
Gideon Benari, Editor, Solvency II Wire
The debate on the treatment of long-term guarantee (LTG) products under Solvency II rages on. Regardless of the outcome of EIOPA’s impact assessment, questions will remain about how LTG products and investments (be they annuities, pensions and the like) should be evaluated and regulated in a market consistent regime.
The LTG Symposium published last year tackles some of the key concerns and theoretical arguments of the debate. The Nordic LTG Symposium builds on this important body of knowledge bringing the perspective of a region where market consistent valuation of the whole balance sheet and risk-based supervision, stalwarts of Solvency II, have been in place for some time.