EU: Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) Presents Preliminary Findings from QIS4

CEIOPS has presented its preliminary findings from QIS4 to the European Parliament’s Economic and Monetary Affairs Committee. CEIOPS confirmed that the target participation rates in QIS4 had been exceeded, with 34% of individual EEA insurers and 65% of cross-border groups taking part in the study.

Alberto Corinti, deputy director general of the Comité Européen des Assurances (CEA), said that the initial feedback showed the “proposed Solvency II regulatory regime to be workable and sound”. The CEA press release can be found here.

CEIOPS will publish the full findings from QIS4 in November 2008.