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.

EIOPA invites stakeholders to provide their feedback on the Consultation Paper by responding to the questions via the online survey no later than 26 June 2025. All responses will be published on EIOPA’s website unless otherwise requested.