Consultation on revised Opinion on Dynamic Volatility Adjustment (DVA) - Solvency II Review

The Opinion on the supervisory assessment of internal models including a dynamic volatility adjustment (EIOPA-BoS-17/366) was published in 2017 and is updated following the review of the volatility adjustment framework in Solvency II. 

EIOPA is therefore interested in stakeholders’ feedback on the proposed deletions, amendments and additions to the Opinion. The changes introduced in the revised aim to align the Opinion with the Solvency II directive amendments. The changes introduced in the revised Opinion have no material impact on the regulatory requirements in force. Accordingly, this consultation paper does not include an impact assessment of the proposed changes.