Final Report on revised Opinion on internal models with DVA - Solvency II Review

A revision of EIOPA’s 2017 Opinion on the supervisory assessment of internal models was required following the introduction of a new volatility adjustment framework in the regulation. The updated Opinion in particular takes into account an enhanced prudency principle for the dynamic volatility adjustment.

The Opinion will become applicable on 30 January 2027. Until then, the Opinion issued in 2017 is applicable.