Measures the new EU Commission will set out for insurers in the second half of the year risk thwarting policymakers’ efforts to boost Europe’s competitiveness and private funding capacity if not re-calibrated differently, the sector has warned.
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While EU policymakers hope to mobilise more private capital for investments through the Capital Markets Union (CMU), high capital requirements prevent insurance companies from “playing a bigger role”, industry association Insurance Europe said.
Comments come after watchdog said he supported new rules that could increase capital requirements
“I am absolutely convinced for my part that the Capital Markets Union is the best European IRA that we can develop, since it is trillions of euros of resources that can be mobilised, which are not [mobilised] today, to stimulate, support, to develop in…
