Re @EP_Economics voted today in favour of #SolvencyII. I am proud that my AM has flown. My aim was to help the #HU insurance sector: @eiopa_europa_eu shall assess whether the requirement on the separation of life & non-life insurance businesses is still justified.
🐦🔗: https://n.respublicae.eu/GyoriEniko/status/1681313347906719748
RT ShareAction
We've been campaigning alongside other NGOs such as @urgewald, @WWF & @forfinancewatch for the inclusion of mandatory transition plans in EU #insurance legislation #SolvencyII.
MEPs will vote on the legislation in @europarl_en tomorrow.
Stay tuned for the results🔜 https://t.co/CGoc6ETXwU
🐦🔗: https://n.respublicae.eu/ShareAction/status/1680912378899099649
Vortrag @gdv_de zu #solvencyII . Klimaschutz🌳ist Pflicht. Bei der Versicherungsaufsicht zählt aber auch Finanzstabilität >Die Einlagen der Versicherten müssen sicher sein!
Diskutierbar: mehr #Transparenz bei #nachhaltig en Investitionen, aber keine pauschalen Erleichterungen. https://t.co/SBfErunfgl
🐦🔗: https://n.respublicae.eu/MarkusFerber/status/1676334522625925121
#SolvencyII #Transparenz #nachhaltig
RT @metz_caroline: Crucial discussion TODAY on insurance regulation #SolvencyII
Will EP staff & MEPs @henrikehahn @MacManusChris @s_yoncourtin @EeroHeinaluoma stand strong as Rapporteur @MarkusFerber delays negotiations with one-sided proposals? 👀
Read our blog 👇https://shareaction.org/news/the-insurance-industry-climate-risks-and-capital-requirements
🐦🔗: https://n.respublicae.eu/henrikehahn/status/1639207852127694850
RT @metz_caroline: Now hearing from MEP @henrikehahn @GreensEFA who explains the need to make changes to Pillar 1 of #Solvency2, so that assets bound to be stranded are in a special risk class.
Capital add-ons are already used in #SolvencyII
👉no reason not to expand this to climate risk!
🐦🔗: https://n.respublicae.eu/henrikehahn/status/1630570513583030273
RT @metz_caroline: How are #insurers implicated in the #ClimateCrisis? What would changes to capital requirements & #SolvencyII mean for them & for the planet? 🌍
Join us for @ShareAction's online roundtable on 28 Feb, with an exciting lineup of speakers! 🤩
🐦🔗: https://n.respublicae.eu/henrikehahn/status/1626257673334280192
#insurers #ClimateCrisis #SolvencyII
Insurance policies typically protect against risk
They also provide services (savings), channeled to the real economy eg through bonds
So, resolving failures in an orderly manner is key
https://epthinktank.eu/2022/12/20/insurance-recovery-and-resolution-directive-eu-legislation-in-progress/
#SolvencyII @EP_Economics @itinagli @MarkusFerber @AuroreLalucq
🐦🔗: https://n.respublicae.eu/EP_ThinkTank/status/1612350585247875073
RT @eiopa_europa_eu@twitter.com
#Sustainability risks can materially impact the investment and underwriting activities of #insurers.♻️
EIOPA is therefore preparing to assess whether a dedicated prudential treatment of sustainable assets and activities is warranted under #SolvencyII.
🐦🔗: https://twitter.com/eiopa_europa_eu/status/1599709649250373633
#sustainability #insurers #SolvencyII
RT @metz_caroline: Under pressure from conservative MEP @MarkusFerber, insurance regulation might be watered down to the point where there is no mention of sustainability & #climatechange 🤯
We call on other MEPs to keep robust sustainability requirements in #SolvencyII
🐦🔗: https://n.respublicae.eu/henrikehahn/status/1598259579036389376
RT @metz_caroline@twitter.com
Under pressure from conservative MEP @MarkusFerber@twitter.com, insurance regulation might be watered down to the point where there is no mention of sustainability & #climatechange 🤯
We call on other MEPs to keep robust sustainability requirements in #SolvencyII
🐦🔗: https://twitter.com/metz_caroline/status/1597937412898164736
RT @InsuranceEurope: Last chance to register for our Cover Notes webinar where MEP @MarkusFerber & our DG, Michaela Koller, will discuss how to ensure the #SolvencyII review facilitates more long-term investment & the EU’s move to sustainability, while protecting policyholders https://t.co/m0Ntp1ExHW
🐦🔗: https://nitter.eu/MarkusFerber/status/1585336814952665088
Today, the Council agreed its position on changes to #SolvencyII, the EU's main piece of legislation in the insurance area.
Read our press release 👇 #Ecofin
🐦🔗: https://nitter.eu/EUCouncilPress/status/1537758592459235328
Proposed Financial Services Bill will reduce risk margins for life insurers compared with EU’s #SolvencyII
This increases financial risks and likelihood of losses for policy-holders – you and me
Brexit benefits for The City but not for citizens
🐦🔗: https://nitter.eu/GreenPartyMolly/status/1523972445962649600