bs-preloader__icon
ru kz en

European insurers are in favor of amending the Solvency II rules

A survey of European insurers showed that more than three-quarters of respondents positively assess the impact of Solvency II rules in the sphere of risk management, assets and liabilities, ukrstrahovanie.com reports.
European insurers are in favor of amending the Solvency II rules

However, as Ukr Insurance learnt from the press release of the European Insurance Federation Insurance Europe, 58% of respondents offering long-term savings programs stated that Solvency II had a negative impact on these products. 48% of respondents reported that Solvency II caused a reduction in equity investments, long-term bonds or private placements.

"Data received show that insurers are under pressure, redirecting risk to customers and refusing from long-term guaranteed savings products", Insurance Europe informs.

Andreas Brandstetter, CEO and Chairman of the UNIQA Insurance Group, speaking at the Solvency II conference on June 26 in Brussels, said that the results of the federation survey confirmed the insurers' calls for Solvency II to be amended.

The Insurance Europe survey was held in May 2018, 87 insurers from 17 EU markets were interviewed.

Source: https://www.ukrstrahovanie.com.ua/news/evropeyskie-strahovshhiki-vyistupayut-za-vnesenie-popravok-v-pravila-solvency-ii

Share
read also
Digitalization of the financial sector is necessary - the National Bank
Digitalization of the financial sector is necessary - the National Bank

The most relevant issue for the financial sector remains the issue of excluding paper...

Indian regulator is considering creating a pandemic risk pool
Indian regulator is considering creating a pandemic risk pool

Indian insurance regulator, the Insurance Regulatory and Development Authority (IRDAI...

Russians consider long-term life insurance as an alternative to bank deposit
Russians consider long-term life insurance as an alternative to bank deposit

Life insurance in Russia continues to hit records. The companies working in this mark...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application