Be Careful With Green Capital Demands, Insurers Tell EU
Law360, London (March 14, 2019, 4:33 PM GMT) -- The European Union should avoid using capital requirements to impose investment caps on insurers based on "simplistic" assessments of whether an asset is environmentally friendly, the EU's insurance industry warned Thursday.
Insurance Europe called on the European Insurance and Occupational Pensions Authority to make sure that Solvency II, the EU's capital rulebook, does not make generalizations about whether or not an investment is "green."
"It is vital that Solvency II remains a modern and risk-based framework and avoids imposing investment limits based on a simplistic approach of classifying all assets into either green or brown," Insurance Europe, the EU’s top insurance...
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