Covid chaos ate into EU insurers’ own funds

Eligible own funds for meeting capital requirements fell €155 billion ($183.7 billion) across European Union insurers over the first three months of the year, as the coronavirus-induced market panic walloped their asset portfolios.

The aggregate ratio of EU firms’ own funds to their solvency capital requirement (SCR) was 232% as of Q1, down from 246% the prior quarter, and is at its lowest level since at least Q3 2016, when public disclosure began.

The median ratio was 205% across all insurers

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: