Tue. Oct 8th, 2024

TRADE & COMMERCE

LATEST NEWS

Solvency II: MEPs approve update of EU rules regulating the insurance sector

The changes will free up large sums of money which insurance firms had to keep in reserve, allowing the sector to channel more funds into the economic recovery and the European Green Deal more particularly. Currently the cost-of-capital rate, which determines reserve levels, is assumed to be equal to 6%, whereas the update will take this rate down to 4,75%.

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