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CEIOPS released two background documents to the QIS4 technical specifications. The information concerns an overview of the differences in calibration of the SCR in QIS4 as compared to QIS3, results of the back-testing of the proposed linear approach for the calculation of the MCR and additional information on the definition of the reference entity in the calculation of the Cost of Capital for the risk margin.
QIS4: Calibration of SCR and MCR
QIS4: Guidance on the definition of the reference entity for the calculation of the Cost of Capital