NGO Finance Watch says EU should develop catastrophe bonds, not weaken Solvency II
( September 5, 2025, 15:24 GMT | Official Statement) -- MLex Summary: Weakening capital requirements for insurers “risks undermining both the credibility of the [Solvency II] regime and its resilience in times of crisis,” says the NGO Finance Watch in an answer to the European Commission’s consultation on a Solvency II legal text that was open for feedback until today. The NGO suggests “developing the market for catastrophe bonds, helping insurers provide cover against extreme weather and narrowing Europe’s climate protection gap.” The bloc’s executive is due to put forward a text by the end of the year after assessing the feedback. This review is also part of the commission's securitization package proposal.See attached position paper and consultation page....
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