Most European life insurers satisfy Solvency II capital standard

(Bloomberg) — A majority of European insurers already meet tougher capital requirements set for 2016, the Dutch central bank said as it reported outcomes of stress tests by the European Insurance and Occupational Pensions Authority.

Based on 2013 results as well as the stress tests, most insurers fulfill the so-called solvency capital requirement, the Dutch central bank said in a statement yesterday.

Starting in 2016, the European Union plans to introduce risk-based capital requirements known as Solvency II, specifying how much insurers must hold to meet future obligations and safeguard customers’ money.