FSAssist : Solvency II - Software Release Timetable
The evaluation copy of our Solvency II software is now available for trial.
Below is an outline of the release schedule for additional functionality of the software. Many of these developments are dependent on the release of updated information from EIOPA and /or the PRA, so are liable to change. We will aim to incorporate these updates into the software within a few weeks of receiving the information.
Any changes to the schedule will be noted and published here.
Initial evaluation version of FSAssist Solvency II software available
CSV data import spec released.
Revised evaluation version of FSAssist Solvency II released incorporating import functionality and solvency calculation tools.
Updated QRT's released by EIOPA - following the consultation exercise last year.
Updated version of the FSAssist Solvency II evaluation software released four weeks later to reflect the changes in the EIOPA templates, and also to integrate some new functionality and features requested into the software.
European Parliament announces delay to the vote on Omnibus II until March 2013 (subsequently pushed back further until June 2013). In all likelihood, this makes the original January 2014 launch date for Solvency II impossible.
EIOPA released consultation guidelines to national regulators on the preparations for transitioning towards Solvency II. Revised version of evaluation software to account of the proposed changes will be issued in the summer.
The PRA has written to all firms enclosing a timetable of future developments based on information which is currently available. This information is provisional and obviously subject to change, but we hope that this is going to be some help to you.
31 May 2013
PRA data collection exercise sent to a number of life and general firms.
19 June 2013
EIOPA consultation on preparatory guideline closes
Long - term guarantees assessment: EIOPA report to co - legislators (date tbc)
Long - term guarantees assessment: Commission report (date tbc)
Trialogues begin in Europe on the Omnibus II Directive (tbc)
31 July 2013
Deadline for responses to PRA data collection exercise issued on
EIOPA final preparatory guidelines expected (date tbc)
Information about PRA Solvency II industry briefing
22 October 2013
Omnibus II Directive scheduled for plenary vote in European Parliament
(note - this has now been postponed until March 2014)
EIOPA publishes NCAs’ comply, intend to comply and/or explain responses to the final guidelines (date tbc) NCAs may also publish their own comply, intend to comply and/or explain responses to the final guidelines (date tbc)
Late November 2013
PRA Solvency II industry briefing (date tbc)
Evaluation software Version 0x10 released
European Parliament announces the Omnibus II vote has been delayed until March 2014