Majority of European Insurers Meet Solvency II Capital Standard

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A infancy of European insurers
already accommodate worse collateral mandate set for 2016, the
Dutch executive bank pronounced as it reported outcomes of highlight tests
by a European Insurance and Occupational Pensions Authority.

Based on 2013 formula as good as a highlight tests, most
insurers perform a supposed solvency collateral requirement, the
Dutch executive bank pronounced in a matter today.

Starting in 2016, a European Union skeleton to introduce
risk-based collateral mandate famous as Solvency II, specifying
how most insurers contingency reason to accommodate destiny obligations and
safeguard customers’ money.

In a supposed low-yield procedure of a highlight test, the
impact of low seductiveness rate scenarios was tested for 225
European particular life insurers. Under normal resources 16
percent of a insurers, including Dutch life insurers,
wouldn’t accommodate a collateral requirements. Under a highlight scenario
this commission increases to 20 to 24 percent.

The executive bank pronounced it will plead a outcome with the
Dutch insurers and expects them to take movement in sequence to be
able to accommodate a mandate before 2016.

To hit a contributor on this story:
Corina Ruhe in Amsterdam at
cruhe@bloomberg.net

To hit a editors obliged for this story:
Fergal O’Brien at
fobrien@bloomberg.net
Maura Reynolds, David Scheer

In : Business

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