Life Insurance and Bancassurance After Solvency II: A Market and Management Perspective

  • Andrea Battista
  • Andrea Paltrinieri
Chapter

Abstract

This chapter analyses the dynamics of life insurance and bancassurance within the new Solvency 2 regime. After having assessed the general trends of life insurance market in Europe during Solvency 1, this chapter investigates the challenges and the perspectives of the new regulatory framework, with a focus on both the supply and the demand side. We assess in particular the issue of very low interest rates and their potential impact on insurance companies’ business under the new regime. Finally, given our management perspective, we will discuss the potential implications and we will provide some guidelines for European insurance companies.

Keywords

Insurance companies Bancassurance Regulation Solvency 1 Solvency 2 

References

  1. Berdin, E., & Gründl, H. (2015). The effects of a low interest rate environment on life insurers. The Geneva Papers on Risk and Insurance—Issues and Practice, 40(3), 385–415.CrossRefGoogle Scholar
  2. EIOPA. (2015). Guidelines on the implementation of the long term guarantee measures. Retrieved from https://eiopa.europa.eu/publications/eiopa-guidelines/guidelines-on-the-implementation-of-the-long-term-guarantee-measures
  3. Financial Conduct Authority. (2015). Structured products: Thematic review of product development and governance. Retrieved from https://www.fca.org.uk/publications/thematic-reviews/tr15-2-structured-products-thematic-review-product-development-and
  4. Marano, P. (2016). Product oversight governance: Quaderno n.8 Consulenza Legale Ivass, Rome, October 2017, 91–100.Google Scholar
  5. Niedrig, T. (2015). Optimal asset allocation for interconnected life insurers in the low interest rate environment under solvency regulation. Journal of Insurance, 38(1), 31–71.Google Scholar
  6. Romer, P. (1986). Increasing returns and long run growth. Journal of Political Economy, 94(5), 1002–1037.CrossRefGoogle Scholar
  7. Stoyanova, R., & Grundl, H. (2013). Solvency II: A driver for mergers and acquisitions. The Geneva Papers on Risk and Insurance, 39(3), 417–439.CrossRefGoogle Scholar
  8. Summers, L. (2016, March/April). The age of secular stagnation: What it is and what to do about it. Foregin Affairs.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Andrea Battista
    • 1
  • Andrea Paltrinieri
    • 2
  1. 1.Eurovita Assicurazioni S.p.A.RomeItaly
  2. 2.University of UdineUdineItaly

Personalised recommendations