Capital Reform Likely To Free Up £10B For Life Insurers

By Dawood Fakhir (May 4, 2022, 4:36 PM BST) -- Government proposals to cut the amount of capital that life insurance companies must hold to reduce the risk of insolvency will free up to £10 billion ($12.5 million) that can be invested in long-term assets such as infrastructure, Fitch Ratings said on Wednesday.

The proposals drafted by HM Treasury are also likely to encourage insurers to invest up to £200 billion in long-term assets over the next 10 years, the ratings agency said in a report.

"The proposed reduction in regulatory capital requirements will give insurers scope to take on more risk," Fitch said.

The government's capital requirement revisions are part of a...

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