Insurance EuropeInsurance Europe
Position Paper
Comments on the European long-term investment funds proposal

Insurers play an important role in supplying the funding needs of governments, businesses and households via significant investments that they hold in government, corporate and covered bonds (which represent 60% of the €8.4trn of assets under management), as well as in other assets such as public equity (15% of total assets), securitisations, infrastructure, venture capital, direct loans, etc.

While insurers can help support economic growth in Europe through these investments, policymakers should be aware that insurers’ investment in long-term assets is a natural consequence of their liabilities, ie investing in assets is not an aim per se, but a consequence of insurers’ primary role of providing protection and managing policyholders’ savings.

Published 25 November 2013
Cristina Mihai
Cristina Mihai
Head of prudential regulation & international affairs