EIOPA’s proposals expected to have -5% hit on Dutch insurer’s SII ratio
Written by Adam Cadle
18/12/2020
EIOPA’s proposals on Solvency II (SII) reform and current market conditions are expected to hit Dutch insurer, NN Group’s, Solvency II ratio.
The group said: “Based on the EIOPA Opinion and current market conditions, the net impact from the proposed changes to the risk-free curve extrapolation and risk margin calculation on NN Group’s SII ratio at the expected implementation date is expected to be approximately -5%-points.”
NN Group said this is compensated by an increase of operating capital generation of approximately €50m per annum as from the implementation date.
“These proposals do not change our capital return policy,” it said.
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