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EU insurers piling up risky investments, need closer scrutiny, Eiopa says

( November 16, 2017, 14:40 GMT | Official Statement) -- MLex Summary: EU insurers’ investments should be subject to closer scrutiny, the European Insurance and Occupational Pensions Authority has said on the back of a report that shows the sector has been plowing into risky and illiquid assets to boost returns. The EU regulator said that national supervisors should ensure companies understand and have the capability to manage the risks arising from changes in composition of asset portfolios.The statement follows. The report is attached....

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