Archive

• What's next for the MA and VA?

  04 July 2019

  More than €100bn of capital relief is provided by Solvency II's matching and volatility adjustments, but they are far from uncontroversial. As the European Commission begins to consider reforms, Christopher Cundy reports on the problems and possible solutions

• Amending the Solvency II VA to promote good risk management

  13 December 2016

  Use of Solvency II's volatility adjustment (VA) causes hard-to-explain movements in own funds and perverse incentives for hedging and risk management. In this paper, Richard Plat proposes an alternative approach to solve these issues