Impact assessment: Possible macroeconomic …
DG ECFIN/C-4(2007)REP 53199. Impact assessment : Possible macroeconomic and financial effects of Solvency II. Contribution of DG ECFIN. March 2007. 1. Table of content 1 Introduction ........................................ ........................................ ........................................ 3. 2 The Economic and financial Importance of the EU insurance sector ............................... 5. The role of 5. Key economic and financial figures for the EU insurance sector .............................. 6. Key characteristics of the EU insurance sector ........................................ ................ 11. 3 Impact of Solvency II on the EU insurance 17. Impact on capital requirements and excess capital ........................................ .......... 17. Balance sheet structure and the level of capital requirements.
5 2 The Economic and Financial Importance of the EU insurance sector5 2.1 The role of insurance Insurance plays a role in supporting economic development and welfare by providing protection against financial losses due …
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