CEA - situation for European insurers not comparable to US

16 September 2008

Europe’s insurers are unlikely to be overly affected by short-term liquidity concerns, the CEA said commenting on the recent market events in the US.

Europe’s insurers are unlikely to be overly affected by short-term liquidity concerns, CEA director general Michaela Koller said commenting on the recent market events in the US.

 

“Europe’s insurers have diversified income streams with a conservative asset mix and they have liabilities that tend to be much more stable in their pricing”, she added. “The result is institutions that reflect typical insurance business by being geared for the long term.”

 

Commenting on the proposed Solvency II regime she said that this will enhance the risk management in companies and their ability to resist crises such as the current one.

 

Press release

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