Survey of 2014 FLAOR submissions: March 2015

Under the Central Bank of Ireland’s Guidelines on Preparing for Solvency II, all insurance and reinsurance undertakings were required to prepare FLAOR last year. Companies rated as low or medium-low under the Central Bank’s PRISM impact rating system were required to make an online submission of some of the FLAOR outputs using the Central Bank’s prescribed online template. Milliman conducted an analysis of the completed templates for 20 companies.