Sustainability of the EU Insurance Markets and Adequacy of Insurance Regulations: Solvency II and ESG

• Marcin Kawiński ^[1]
  1. [1] Warsaw School of Economics

     Warsaw School of Economics

     Warszawa, Polonia

     
• Localización: Sustainability and the Insurance Market: Trends and Challenges / coord. por Juan Bataller Grau, Marcin Kawiński, Pierpaolo Marano, 2025, ISBN 978-3-031-72185-4, págs. 49-67
• Idioma: español
• Enlaces
  • Texto Completo Libro
• Resumen

  • In most cases, defining the sustainability of insurance leads to different aspects of fulfilling insurance needs and contracts. Sophisticated risk-based regulations, like Solvency II [Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (SII)], or the U.S. equivalent, known as the “Insurance Financial Solvency Frame” (Lindberg & Seifert 2015; Zweifel & Eisen 2012, p. 335), provide numerous perspectives on insurance entities’ challenges with sustainability. As regulators and supervisors rightly put solvency into a sustainability framework (Van Hulle 2019, p. 10), the sustainability analysis of particular markets can be narrowed to ratios based on micro-prudential-like ratios: solvency capital requirements, compositions of own funds or investment assets quality.