Reform of insurance sector regulation
Pylkkönen, Pertti; Savolainen, Eero (07.06.2016)
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201606131202
At the beginning of 2016, a new life and non-life insurance company solvency regulation was launched in EU, the so-called Solvency II regime. In the new regulation, both assets and liabilities of insurance companies are valued at market terms. The timing of the reform is awkward for the companies, as low interest rates and economic uncertainty burden company solvency.