German insurers warn of Solvency II threat to infrastructure investment
Insurers keen to invest in real economy, finds BaFin study, but regulatory uncertainty holding them back
German insurers have echoed concerns in the UK that Solvency II could be a significant barrier to investment in infrastructure, despite government efforts to encourage such investment.
The German Insurance Association (GDV) argues that government initiatives designed to encourage insurers to invest in the sector would face high capital charges under Solvency II, making such investments unworkable. Investment in infrastructure is expected to be classed alongside equities by Solvency II
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