EU cuts capital charges for insurers investing in infrastructure
Monday, 04 04 2016, Category: Insurance and Reinsurance, Country: Europe
Insurers in the European Union will not have to set aside as much capital to cover investments in infrastructure under a reform aimed at channelling more funds into growth.
The cut in capital charges for insurers wanting to invest in digital networks, transport and other infrastructure projects will be cut from April 2, the EU's executive European Commission said.
Less than 1 percent of total assets of insurers in the EU is invested in stakes or loans to infrastructure projects.