Official Solvency II insurance statistics published by EIOPA confirm, once again, market analysis conducted by Solvency II Wire Data predicting a drop in European insurance solvency capital ratios in 2024.
The groundbreaking analysis introduced by Solvency II Wire Data in 2023 uses a sample of companies that have reported Solvency II capital figures for all years (2016 – 2024) to predict trends in capital strength and volumes.
This year’s sample of 600 firms, published on 22 April, within two weeks of the official publication date of the solo SFCRs, already showed the trend of lower ratios in 2024 (see chart below, green dashed line).
A larger sample of 1,030 firms (green line) published in the Solvency II Wire Data 30 Day Report, supported the findings of the earlier sample.
The EIOPA 2024 figures (red line) show both samples track the movment official figures.
SCR up , Own Funds down in 2024
The Solvency II Wire Data samples also closely track movement in the Solvency Capital Requirement (SCR) and the Eligible Own Funds to meet the SCR (EOF), the two components that make up the ratios.
European assets continue to grow in 2024
Despite the drop in ratios, assets under management of European insurers continued to grow for a second consecutive year.
Here too the Solvency II Wire Data samples continue to track the movement of the official statistics.
