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What the decrease in capital requirements of insurers would incur, they told in Fitch Ratings

The European Commission's initiative to reduce capital requirements for insurers Solvency II could lead to increased investment in environmental projects and assets that comply with environmental, social and corporate governance (ESG) principles. To this conclusion the international rating agency Fitch Ratings came in its report, UkrStrakhovanie informed.
What the decrease in capital requirements of insurers would incur, they told in Fitch Ratings

According to Fitch Ratings, insurers currently have limited opportunities to invest in long-term assets, including sustainable infrastructure and renewable energy projects. The report’s authors believe that high capital requirements are the reasons for this limitation.

The European Commission earlier proposed to reduce capital requirements for insurers, that would free up €120 billion for the economic recovery after Covid-19. According to the EU Commissioner, lowering capital requirements for insurers will free up 90 billion in the short term, and another €30 billion - in the long term.

Source: https://www.ukrstrahovanie.com.ua/news/snizhenie-trebovanij-k-kapitalu-strahovshhikov-povysit-investirovanie-v-ekologicheskie-i-soczialnye-proekty-fitch-ratings

Photos are from open sources.

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