EU life insurers’ solvency ratios decay in first half
Aggregate SCR ratio for life undertakings down 9%, Q2 2018–Q2 2019
The solvency capital requirement (SCR) ratios of European insurance companies eroded in the first half of 2019, largely because of persistent low interest rates in the eurozone.
Data from the European Insurance and Occupational Pensions Authority (Eiopa) shows the aggregate insurer SCR ratio was 234% in Q2 2019, down from 242% in Q4 2018. For life insurers, the fall was greater, to 205% from 229%. Non-life undertakings saw their aggregate SCR ratio climb slightly to 248% from 246%.
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