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By Alberto MESSINA, Actuarial leader, KPMG Luxembourg
The recently published delegated regulation on Solvency II is an important one: if passed, it would allow insurers to remove disincentives for long-term investments, in support of the EU’s growth initiatives. It’s expected to become a European law in 2019. While some of its objectives have a direct impact on investments and standard formula parameters, others target broader EU goals such as:
- policyholder protection,
- a fairer insurance market,
- harmonized supervision across Member States.
Unrated debt and unlisted equity investments
To ease constraints on financing, the amendments would allow organizations to reduce the shock factor for...
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