Pillar 1 of Solvency II requires an insurance company to calculate the Solvency Capital Requirement ("SCR"), the capital required to ensure that the company will be able to meet its obligations over a one-year time horizon with a probability of at least 99.5%. The framework for valuing reserve liabilities required by the SCR (99.5%-percentile of liabilities' value over 1-year) is very different from the current actuarial methods for valuing reserve liabilities (best estimate of ultimate value over lifetime of liability). This session will address the issue of building a practical link between these two perspectives. Methods discussed make use of time-scaling properties of reserve variability and the calculation of variability measures based on an empirical analysis of industry data.