IPD Solvency II Review: September 2011 update note
Since publishing the IPD Solvency II Review in April 2011, IPD have been able to update several of the key analyses as well as address some of the questions that have subsequently been raised in discussions of the report. This note summarises that work.
To date the updating which we have been able to do, coupled with the extra searches for alternative data series, has served only to re-confirm the conclusions of the original report – namely that the proposal to apply a 25% capital adequacy requirement for real estate investments could prudently be reduced to no higher than 15%, if driven off the fullest possible and most up-to-date pan-European performance record.
Informing a new regulatory framework for real estate
This report offers a detailed review of the Solvency ll risk based regulatory framework proposed for defining insurance company capital adequacy. The study focuses specifically upon real estate, and was funded by a consortium of seven key trade bodies, each supporting an aspect of insurance company investment in property and more broadly.
This research project was commissioned by seven leading European trade bodies, led by INREV, the European Association for Investors in Non-listed Real Estate Vehicles, and supported by six other key associations from the real estate and insurance industries in Europe.
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IPD Products for Solvency II Internal Modelling
IPD now offers quarterly valuation-based real estate indices for 17 EU and EEA countries to use in Solvency II internal models. The data is designed to assist insurers with calculating risk-based capital requirements for real estate exposures. Read more >>
Lead sponsor:
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Co-sponsors:
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The Association of British Insurers
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The Brtish Property Federation
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Bundesverband Investment und Assetmanagement
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The European Public Real Estate Association
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The Investment Property Forum
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The German Property Federation