Insurers Say ECB Policies Hitting Investment Models, Savers

Law360, London (September 3, 2020, 3:55 PM BST) -- European insurers said Wednesday that the European Central Bank should have an exit strategy for its policy on negative interest rate to provide monetary stimulus for the economy

Persistently low interest rates in the bloc are affecting insurers' capital solvency positions and pushing up the cost of cover for customers, Insurance Europe said. The deposit rate facility has been at minus 0.5% for a year, and ECB officials said in July that it will probably remain low until inflation hits around 2%.

"Interest rates are very significant for the insurance industry: they impact product offering, as well as the measurement of...

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