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Insight briefing on 2018 Solvency II review published

Insurance Europe has published an insight briefing on the upcoming Solvency II reviews, ahead of a European Commission hearing on changes to the regulatory framework that takes place today.

The briefing outlines which key areas of Solvency II need to be addressed. These include reducing the cost of capital in the risk margin, and the reduction of capital requirements for long-term investment in equity beyond unlisted equity. 

The briefing also outlines which areas should not be changed. In particular, it says that there should be no change to interest rate risk capital requirements and no artificial limits imposed on the loss absorbing capacity of deferred taxes. It adds that EIOPA’s proposed changes in these areas are not necessary, conflict with the Juncker Commission’s growth objectives and should not be taken forward.

The full briefing is available here

Published 27 March 2018