A sixth impact study should not delay implementation, Ceiops' Montalvo insists

The European Commission’s top insurance official has said that the Solvency II test due to start next month may not be the final exercise.

This week, the Commission launched its final specification for QIS (Quantitative Impact Study) 5, intended to be the last in a series of exercises to test how the EU-wide directive will work.

However, Karel van Hulle, of the Commission’s insurance and pensions unit, said that QIS5 may not be the last test run. He said: “If necessary, we may need a QIS6.”

Secretary-general of Ceiops (Committee of European Insurance and Occupational Pensions Supervisors) Carlos Montalvo said that a fresh QIS should not delay the 1 January 2013 implementation of Solvency II.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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