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X-ORIGINAL-URL:https://events.aforeconsulting.eu/
BEGIN:VEVENT
UID:MEC-20d135f0f28185b84a4cf7aa51f29500@events.aforeconsulting.eu
DTSTART:20201005T143000Z
DTEND:20201005T153000Z
DTSTAMP:20200907T095500Z
CREATED:20200907
LAST-MODIFIED:20200924
SUMMARY:Solvency II and CMU: Thinking for the Long Term
DESCRIPTION:With over 11 trillion Euros of assets under management, insurers are one of the largest institutional investors in Europe. They can play a fundamental role in financing the real economy and Europe’s recovery from the COVID-19.\nOver the last years, the Solvency II framework has been amended to facilitate insurers’ investments in the real economy. Examples include preferential capital treatment to facilitate investments in infrastructures, high-quality securitisation or long-term equities. However, many insurers call for further changes to be made to the prudential rules (capital requirements for market risks and the risk margin), which still prevent long-term investments. On the other hand, EIOPA has noted that the new framework for investments in long-term equity has not necessarily been met by an increase in these investments.\nIn its report of June 2020, the CMU High Level Forum’s report suggests a deeper participation of insurers to the EU’s Capital Markets Union and proposes target modifications within the Solvency II revision to facilitate insurers’ investments in long-term investment and equity.  In particular, the long-term nature of insurance business should be better reflected in the prudential framework. Improvements to capital calibrations and the risk margin should increase insurer’s capacity to invest in capital markets, particularly in equity.\nThe High Level Forum also suggested developing mechanisms that bring SMEs and midcap businesses requiring investment to the attention of insurers, as well as a revision of the IASB framework to ensure that insurers’ long-term investment horizons are better reflected.\nThis webinar will explore the role of the Solvency 2 prudential framework and the role of the insurance sector as long-term institutional investors in European capital markets. Closely aligned with the Commission’s Solvency 2 consultation and the planned Commission Action Plan on CMU, it will also discuss the necessary changes in the Solvency II framework, which may further incentivise long-term investments in the real economy.  \nTopics of Discussions will include:\n\nHow can the Solvency II revision serve the political priorities of the EU in regards to the CMU and the Green Deal;\nReconciling a risk-based framework with incentives to invest long-term;\nHow to accompany greater investments in SMEs and equities;\nInsurers as investors to a carbon-neutral economy by 2050;\nManaging the low-for-long interest rate environment;\nThe appropriateness of the accounting framework.\n\n
URL:https://events.aforeconsulting.eu/events/solvency-ii-and-cmu-thinking-for-the-long-term/
ORGANIZER;CN=Jean Plattard:MAILTO:Jean.Plattard@aforeconsulting.eu
CATEGORIES:In discussion with webinar
ATTACH;FMTTYPE=image/jpeg:https://events.aforeconsulting.eu/wp-content/uploads/2020/08/banking.jpg
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