QIS5 raises new challenges for insurers

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By Fabrice Taillieu, Jeffrey A. Courchene, Joël van der Vorst, Peter Franken | 31 January 2011
Much work has been done in recent years in an effort to move to a principles-based framework, although there is still much to be done before Solvency II can be successfully implemented in 2013. This paper outlines the QIS5 process and some of the major issues that pose challenges for insurers along the road to Solvency II.