The Gibraltar Financial Services Commission has published a series of guidance notes to help insurers and other stakeholders understand key aspects of the Solvency 2 framework and prepare for solvent exits. The notes cover Solvency 2 own funds, own funds approvals, reinsurance counterparty credit risk, and the quality of capital instruments, alongside separate guidance on solvent exit planning for insurers.
Gibraltar Financial Services Commission issues guidance notes on Solvency 2 and solvent exit planning for insurers
The Gibraltar Financial Services Commission released guidance notes to assist insurers and stakeholders with the Solvency 2 framework and solvent exits. The notes address Solvency 2 own funds, approvals, reinsurance counterparty credit risk, and capital instrument quality, as well as solvent exit planning for insurers.