Insurers welcome Eiopa’s review of capital charges on infrastructure and securitisations
Standard formula is too harsh and fails to reflect real risk of long-term finance, say insurers
Moves to review the impact of Solvency II on long-term financing of the real economy have been welcomed by the insurance industry.
The European Insurance and Occupational Pensions Authority (Eiopa) has been asked by the European Commission to review whether the current calibrations of Solvency II need to be adjusted so as not to discourage insurers from investing in long-term assets such as infrastructure projects.
The commission is concerned that Solvency II could have a detrimental effect on
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