bs-preloader__icon
ru kz en

EU insurers urge regulator to simplify rules

EU insurance rules should promote innovation and enable consumers, companies and new market players to take advantage of the opportunities that digitalization can offer, Law360 writes.
EU insurers urge regulator to simplify rules

European insurers urged Brussels to change the rules that force them to hold €189 billion of additional capital rather than investing in liquid instruments. The corresponding letter was published on the website of the Association of European Insurers.

In particular, the document states that regulators should review and adapt supervisory requirements to ensure that they are innovative and digital-oriented, technologically neutral, and promising enough to meet the digital age and encourage digital innovation.

In its letter, the Association mentioned the fact that the risk list in the supervision is swollen, therefore, insurers deem it advisable to amend the existing provisions under which it is impossible to make investment transactions.

Source: https://www.law360.com/insurance-uk/articles/1289689/eu-insurers-call-for-easier-capital-rules-to-spur-investment

Photos are from open sources.

Share
read also
Dmitriy Zherebyatyev: “We need an alternative”.
Dmitriy Zherebyatyev: “We need an alternative”.

Dmitry Igorevich has worked in the insurance market of Kazakhstan for many years, hea...

Starting of compulsory health insurance introduction has been proposed since 2019
Starting of compulsory health insurance introduction has been proposed since 2019

The President of the Republic of Kazakhstan, Nursultan Nazarbayev, has approved intro...

The rating of Kazakhstani life insurance companies
The rating of Kazakhstani life insurance companies

Its authors are Forbes Kazakhstan with the assistance of KPMG in Kazakhstan and Centr...

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