PwC: QIS5 draft specification provides “significant relief” for insurers
Consultants PricewaterhouseCooper has welcomed the European Commission’s decision to depart from Ceiops advice and ease the capital burden on insurers under the QIS5 draft.
As part of the paper the Commission has proposed increasing the diversification benefit across business lines, a liquidity premium within the risk-free term structure and more liberal rules for Tier I
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