EIOPA held a public hearing for all stakeholders on 4th September 2015 on infrastructure investments before submitting its final Advice to the European Commission
In recent years, infrastructure investments have been increasingly at the centre of discussions regarding growth promoting initiatives at a global, European and national level.
Insurers could be an important source of funds for infrastructure investments as the long-term nature of their liabilities may mean that such investments are suitable for their risk profile. In this context, in February 2015 the European Commission (EC) issued a Call for Advice to EIOPA on the identification and calibration of infrastructure investment risk categories.
The scope of the Advice includes definitions of debt and equity infrastructure investments used to specify new risk categories in the standard formula, proposals for their calibrations in line with the Solvency II Directive and an assessment of how the categories could fit within the existing structure of the market and counterparty default risk modules.
In addition, EIOPA considers it of utmost importance to analyse whether the current investments and system of governance requirements in Solvency II are sufficient to ensure that the risks of such a complex, heterogeneous and, for insurers, relatively new asset class, are properly managed.
The public hearing on 4th September actively engaged stakeholders by addressing all areas of the Consultation Paper published by EIOPA before the final Call for Advice is submitted to the EC.
Should you have any questions, please feel free to contact EIOPA's events team at email@example.com
The programme of the event can be found here.