ILS and derivatives to gain Solvency II boost
Changes in the accounting treatment of insurance-linked securities and derivatives are set to boost the convergence sector, as the European directive Solvency II recognises the instruments as "effective risk mitigation techniques", according to a report.
(Re)insurers are likely to gain regulatory capital relief for both insurance-linked securities (ILS) and derivative products under Solvency II - which is scheduled for implementation in 2012 - according to a 25 June report from the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS)...
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