Insurers back CEA call for Solvency II changes

29 November 2011

Seven CEA member associations have added their voice to the CEA's calls for measures to limit volatility in the forthcoming Solvency II regulation capital requirements. Such measures are vital to avoid adverse pro-cyclicality effects on the economy.

At the close of the third annual Solvency II conference of the French association of insurance companies, FFSA, on 29 November, the French, UK, Italian, German, Spanish, Austrian and Polish associations called for the extrapolation of long-term rates, a predictable counter-cyclical premium, and the extension of the matching premium to all annuities and long-term products.

"The current crisis has highlighted the importance of getting the calibration of Solvency II right and ensuring that the regime does not introduce artificial volatility and pro-cyclical behaviour", said Michaela Koller, director general of the CEA.

Press release

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