What to expect from European Insurers in times of rising interest rates?
On 20 September 2022 the German Association of Insured (BdV), together with the analyst Carsten Zielke and the European consumer organisation BETTER FINANCE, will present the results of their analysis of the current SFCR (Solvency and Financial Condition Reports) of life-insurers.
For the sixth year in a row, the SFCR of German insurance companies are under scrutiny, whilst those of the 10 largest life insurers from France, Italy, Spain and the Netherlands have been analysed for the second time.
So how did they develop following the analysis carried out last year? The last study of the SFCR of life insurers from selected EU countries already revealed that “legalised fraud” in the life insurance sector is not limited to Germany and also takes place in France. In the SFCR insurance companies have to disclose how stable and secure they are. Yet, the analysis of these reports over the years has revealed other worrying trends, such as the fact that the profit-sharing reserves of the life-insured customers are frequently used as solvency capital by the insurers, thereby reducing the profit participation of their customers.
Does this development continue? Which life insurers fulfilled their duties? What companies are at risk of running into difficulties? How well are investments diversified? How has the quality and often criticised transparency of the reports changed? For the first time, sustainability risks are also considered in the analysis.
How are European life insurance companies positioned? What are the similarities and differences between the companies from Germany and the different European countries?
We are pleased to invite you to join us for two press conferences on 20 September 2022 during which we will present and discuss the results:
09h30 – 11h00 CET: German Insurance Companies (press conference in German)
11h30 – 13h00 CET: European Life Insurance Companies (press conference in English)