Solvency II review to strengthen insurance sector

What are the amendments proposed by the European Commission and EIOPA?

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This article was produced by BNP Paribas as part of their valued industry partnership to Insurance Investor.

Now awaiting passage into law is a major review of the 2016 Solvency II regulation governing the solvency capital requirements (SCR) of European insurers. The amendments proposed by the European Commission (EC) and the European Insurance and Occupational Pensions Authority (EIOPA) are intended to ensure the insurance sector remains fully resilient to future market shocks.

BNP Paribas Asset Management’s Sophie Debehogne, Senior Client Solution Manager, Solution and Client Advisory Group (Multi Asset Quantitative and Solutions Group), and Mehdi Hacini, Quantitative Analyst, Quantitative Research Group, argue that while the EC proposal does not revolutionise Solvency II, eight of the amendments it contains do have important implications for insurance companies.

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