Insight
Indexed annuities: U.S. statutory accounting
While VM-22 may alleviate certain causes of a surplus volatility, companies with significant indexed annuity exposure should review their financial projections.
On 10 December 2021 the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation on the application guidance on running climate change materiality assessments and using climate change scenarios in the Own Risk and Solvency Assessment (ORSA). This consultation is a follow-up from EIOPA’s Opinion published in April 2021 and aims to provide guidance on the use of climate change scenarios in the ORSA.
Insight
While VM-22 may alleviate certain causes of a surplus volatility, companies with significant indexed annuity exposure should review their financial projections.
Application guidance on running climate change materiality assessment and using climate change scenarios in the ORSA
On 10 December 2021 the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation on the application guidance on running climate change materiality assessments and using climate change scenarios in the Own Risk and Solvency Assessment (ORSA).