Insurers eye contingent capital as solution to Solvency II volatility

Uncertain path

uncertain path

This year, interest in contingent convertible instruments (CoCos) has been limited. Despite some encouraging banking deals earlier in the year, a lack of regulatory clarity has left potential issuers hesitant. However, a recent issuance of the instruments by Munich-based insurer Allianz suggests that a market for insurer-issued CoCos could be on the horizon.

Prior to the Allianz deal, these loss-absorbing regulatory capital instruments, which could either be written down or converted to equity

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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