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The Package of measures to avoid artificial volatility and pro-cyclicality : explanation of the measures and the need to include them in the Solvency II framework

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<title>Package of measures to avoid artificial volatility and pro-cyclicality</title>
<subTitle>: explanation of the measures and the need to include them in the Solvency II framework</subTitle>
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<namePart>Insurance Europe</namePart>
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<publisher>Insurance Europe</publisher>
<dateIssued>2013</dateIssued>
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<abstract displayLabel="Summary">A Working Group on Long-Term Guarantees, set up by the European Commission in 2011, developed a package of measures comprising three key elements, each of which plays a crucial role in preventing artificial volatility and pro-cyclicality: 1. Counter-cyclical premium; 2. Matching adjustment; 3. Extrapolation methodology -- It is imperative that all these measures are included and implemented appropriately within the Solvency II framework</abstract>
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<topic>Solvencia II</topic>
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<topic>Mercado de valores</topic>
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<topic>Control de seguros</topic>
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<topic>Supervisión de seguros</topic>
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<topic>Medidas</topic>
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<topic>Riesgo financiero</topic>
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<geographic>Unión Europea</geographic>
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