On 1 October 2020, the European Insurance and Occupational Pensions Authority (EIOPA) launched a European-wide comparative study on diversification in internal models. The objective of the study is threefold:

• to gain an overview of the current approaches in the market and, on best effort basis, analyse and compare the levels of diversification
• to facilitate a better understanding of modelling dependencies, aggregation and resulting diversification benefits and
• to enhance quality and convergence of supervision on diversification in internal models.

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