Quantitative Impact Studies

QIS2

This page provides details of the second quantitative impact study conducted by CEIOPS.

Featured Articles

QIS2 Spreadsheet and Guidance notes

The QIS2 spreadsheet containing the revised version of the standard model (following findings and discussion after QIS1) is available on the CEIOPS website, along with the instructions for use that were provided to participants.
Download spreadsheet
Download spreadsheet instructions
Visit CEIOPS QIS page

QIS2 Results

CEIOPS has now published its QIS2 Summary Report, documenting fully the findings of QIS2.  Click here to read the full report, or read a summary in the form of the official press release. 

Also, on 10th November 2006, CEIOPS published Consultation Paper 20, addressing pillar 1 modelling issues stemming from discussion and quantitative impact studies up to that point. The document addresses both the standard formula modelling approach, full internal models and hybrid modelling approaches employing both internal and standard modelling elements.  It also has sections on the adequacy of financial resources, valuation standards, capital, minimum capital requirement (MCR), safety measures and special treatments.  Click here to download the full document.  

Click here to download an additional supplement to CP20, covering the valuation of future profit-sharing business, the approach for harmonised SCR sub-modules, expected profit/loss in non-life insurance, restrictions on the partial use of internal models, the MCR formula and special treatments within the standard formula.

QIS2 List of Methodological Questions and Answers

CEIOPS has published a list of questions asked by insurance entities concerning the implementation of QIS2, along with its responses. Click here to view.