Study on Diversification in Internal Models

On 1 October 2020, EIOPA launched a study on diversification in internal models.

Objectives:

• to gain an overview of the current approaches in the market and, on best effort basis, analyse and compare the levels of diversification,
• to facilitate a better understanding of modelling dependencies, aggregation and resulting diversification benefits,
• to enhance quality and convergence of supervision on diversification in internal models.

Timeline

15 January 2021: Deadline for insurance undertakings to submit results to their group national supervisory authority
22 January 2021: Deadline for national supervisory authorities to report to EIOPA