Natural disasters, pandemics ... Faced with increasing threats, Brussels wants to strengthen the risk management rules and capital requirements of insurance companies.
Objective: to strengthen their resistance and therefore improve the protection of policyholders.
But also encourage the sector to participate in the economic recovery, which Brussels wants green.
See also
The image of insurers tarnished since the pandemic
Set up in 2016 after the subprime crisis, the revision of the prudential framework, Solvency II, is awaited by the sector, which sees it as an opportunity to correct its shortcomings.
Faced with the concerns expressed in recent months, the tone is conciliatory.
“
We are not going to reinvent the wheel.
The objective is to strengthen the sector's reaction capacity
, ”explains a senior European official.
The proposal will help the insurance sector to grow stronger and fully play its role in the EU economy
Mairead McGuinness, European Commissioner for Financial Services
A flagship proposal is to adjust the capital requirements of insurers.
What to release, once the new rules in force in 2024, assures the Commission, up to 90 billion euros in the short term.
Funds that Brussels
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