EU Insurers Warn New Capital Rules Could Raise Costs
Law360, London (January 16, 2020, 6:44 PM GMT) -- European insurers said Thursday that proposed changes to the bloc's capital requirements for insurers could make investments more expensive and damage the industry.
Insurance Europe, a trade body representing the sector, warned the European Union's insurance watchdog against hiking the capital requirements for its insurance regulation when it reviews the package of laws this year.
The European Insurance and Occupational Pensions Authority is planning a review of its Solvency II regime, a package of laws that sets minimum capital requirements for insurers in order to ensure they are able to withstand financial crises.
But Insurance Europe said some of the watchdog's...
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