The GFSC has issued a consultation paper seeking views from interested parties on proposed amendments to the Insurance Business (Solvency) Rules, 2015.
The proposed amendments would introduce a “Green Discount”, which would reduce the capital requirements applicable to the green fixed income assets of life insurers. Additional measures would be put in place to ensure policyholder interests continue to be protected.
These proposals would directly affect long term insurance licensees and applicants, as well as general insurance licensees, industry bodies, insurance regulators and the wider public.
A copy of the Consultation Paper can be found here.
Respondents may submit their comments before the 10th November online here.
For further information & guidance, please contact the Advisory team at Aspida via info@aspidagroup.com
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