BdV and BETTER FINANCE once again examine the stability of the main EU insurers
This year, the German Association of Insured (BdV) together with
BETTER FINANCE and Zielke Research again examined selected European life
insurers. The 10 largest life insurance companies from France, Spain,
Italy, Germany and the Netherlands were analysed.
There are still considerable differences between the life insurance
markets in our scope. Compared to last year, however, threats to
solvency are no longer a chief concern. That said, life insurers now
have to deal with rising interest rates. "The European markets are
still very fragmented. Even companies of the same group pursue very
different strategies depending on the national market," explains Axel Kleinlein, actuary for BdV. "With
the exception of Germany, the other European insurance companies have
invested heavily in government bonds. If interest rates rise, existing
policies will yield a lower return and policyholders need to be aware of
possible real losses."
In particular, the insurers from Italy and Spain examined for this
report have high investments in government bonds, which can lead to
problems due to different phases of rising interest rates..
[...]
- Read the full Press Release below.
- Read the full report: “Solvency Reports (SFCR) 2021 under examination: the Body mass Index of the life-insurance industry | 2022 Edition”
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