Bernardino calls for balance on long-term investments
Insurers are clamouring for changes to capital charges under Solvency II for long-term investments. But supervisors must be careful to avoid market distortions, says Eiopa chairman
Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa), says supervisors need to be "careful" about encouraging long-term investment by insurance companies.
Speaking at Insurance Europe's conference in Malta on June 12, Bernardino warned that capital charges and other constraints on investment in illiquid securities such as infrastructure and corporate loans had to be tailored with insurers' liabilities in mind.
"I see it as positive that the insurance
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