High participation in Solvency II study: Supervisors

FRANKFURT, Germany—The Committee of European Insurance and Occupational Pensions Supervisors said that the results of its fourth quantitative impact study on Solvency II confirmed many of the findings of its third study, and underlined the overall support from the European insurance industry for a risk-based capital regulatory approach.

Frankfurt, Germany-based CEIOPS said that more than 1,400 companies took part in QIS4.

According to the study, the balance sheets of European insurers and reinsurers will not change dramatically under Solvency II, which is slated for introduction in 2012, CEIOPS said.

Overall, QIS4 revealed that "the vast majority of participants will meet the minimum and solvency capital requirements.

CEIOPS will present the final report of QIS4 findings at its annual conference on Nov. 19.