LTGA Italian report

descrizione

In relation to the outcomes, the LTGA exercise put in evidence that for the Italian market the application of Solvency II evaluation principles at 31.12.2011 - without LTGA measures (Scenario 0) - would have led to Solvency positions significantly lower than Solvency I ones. In many cases, it would have been necessary to carry out recapitalization to restore deficit situations in respect of required capital (SCR); life undertakings, belonging to the sample, would have appeared particularly undercapitalized.

issue date

13 June 2013