Munich Re develops Solvency II reinsurance solutions
Thursday, 07 21 2016, Category: Insurance and Reinsurance, Country: Europe
Munich Re has developed non-traditional reinsurance solutions to enable life insurers to improve their management of Solvency II capital requirements and tailor it more to their own needs.
By transferring specific market risks to the reinsurer, Munich Re said life insurers can stabilise their existing valuation reserves or technical provisions as required – improving both their solvency ratio and available own funds.
Unlike capital market products, Munich Re said its solutions affect the liabilities side and are aimed at optimising the accounting effects as well as achieving a financial benefit.
Source: Life Insurance International - Timetric