EU Proposes Capital Rule Requiring Insurers to Fully Back Crypto Holdings
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EU Proposes Capital Rule Requiring Insurers to Fully Back Crypto Holdings
Publish date
Mar 28, 2025 - 12:00am
Referenced by
EIOPA submits crypto capital rules to EU Commission
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Luxembourg and Sweden lead the region in crypto exposure among insurers, accounting for 69% and 21%, respectively, based on Q4 2023 data. Ireland, Denmark, and Liechtenstein round out the top five. Most of the crypto exposure, EIOPA noted, is held through investment funds such as exchange-traded funds (ETFs) and is linked to unit-linked insurance policies.
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The proposed requirement is considerably tougher than capital standards for traditional assets—stocks, for example, require just a 39–49% capital charge, while real estate assets are backed by only 25%.
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