• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.

Cut EU red tape to unleash £95bn investment wave, say insurers!

Collapse
X
Collapse
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Cut EU red tape to unleash £95bn investment wave, say insurers!

    “Ministers should slash Brussels red tape in the insurance market to free up £95bn of capital to turbocharge Britain's green energy infrastructure drive, industry chiefs have said.

    Bosses are calling for the Government to take advantage of Brexit by overhauling the EU’s Solvency 2 rulebook for UK firms, which forces insurers to hold vast sums of money in ultra-low risk assets.

    A £95bn investment spree could be unleashed while still leaving the industry with enough reserves to withstand a one-in-200-year shock, according to a report by KPMG which was commissioned by the Association of British Insurers (ABI).

    The cash could be used to support Prime Minister Boris Johnson's levelling up agenda, the ABI said, as well as providing funds vitals for the switch to wind power and electric cars.”

    https://www.telegraph.co.uk/business...-say-insurers/

    Evil EUSSR was trying to keep UK insurance companies solvent, this will not stand!

    #2
    One in two hundred year events occur more often than every 200 years.
    The problem with bandying around statistics like that is idiots believe the headline without understanding what it means.

    A specific 1 in 200 year event might only occur every 200 years, but there might be over 400 of them, so they are occurring every 6 months.
    See You Next Tuesday

    Comment


      #3
      Originally posted by Lance View Post
      One in two hundred year events occur more often than every 200 years.
      The problem with bandying around statistics like that is idiots believe the headline without understanding what it means.

      A specific 1 in 200 year event might only occur every 200 years, but there might be over 400 of them, so they are occurring every 6 months.
      Not just idiots. The idea that we can reliably estimate the probability or return period of such events (or that stationarity is a viable assumption in estimating them) is a little far-fetched. I say this having done work for insurers and reinsurers to do precisely that.

      Comment


        #4
        Insurers will happily take their chances with 1 in 200 year events by not preparing for them...

        Comment

        Working...
        X