The Solvency II Directive is required to be reviewed by 1 January 2021.
The European Commission has asked EIOPA for technical advice on this review by 30 June 2020. In light of this, in October 2019 EIOPA published a consultation on their opinion on the 2020 review of Solvency II.
AREF responded to EIOPA’s analysis on the calibration of property risk (Section 5.3.)
Thank you to John Forbes and Melville Rodrigues for drafting this response.