Solvency II overhaul could drive green investments: PRA
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Solvency II overhaul could drive green investments: PRA

Wind turbine with coal power plant view from drone.jpg

Potential reforms to the EU’s Solvency II initiative could spur the insurance industry towards investing in green assets, according to the Prudential Regulation Authority’s (PRA) executive director for insurance Charlotte Gerken.

Speaking at the Insurance Asset Management Conference, Gerken said the PRA “supports insurers playing an important role in the real economy” and that any investment incentives must encourage insurers to invest well.

She

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