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CMS Italy Newsletter | 12 Nov 2014

Credit financing by insurance companies: IVASS issues the relevant decision

12/11/2014

By means of Decision no. 22 of October 21st 2014 (the “Decision”), the Italian Supervisory Authority on the Insurance Market (“IVASS”) introduced much anticipated amendments to ISVAP Regulation no. 36 of January 31st 2011 – concerning the guidelines on investments and assets representing technical provisions referred to under articles 38 (2), 39 (3), 40 (3), 42 (3) and 191 (1, d) of Legislative Decree no. 209 of September 7th 2005 – so to allow insurance undertakings to carry out credit financing towards companies, thus widening the investment opportunities for the cover of technical provisions.

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Credit financing by insurance companies: IVASS issues the relevant decision
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Portrait ofLaura Opilio
Laura Opilio
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