Solvency II: The impact on real estate investment

Martin Hurst
To coincide with the publication of the regulator's findings from the QIS5 Impact Assessment IP Real Estate is hosting a webinar to discuss Solvency II and its potential impact on the real estate market.

Charlie McCreevy, European Internal Market and Services Commissioner, speaking at the launch of the Solvency II draft Framework Directive, said “This is an ambitious proposal that will completely overhaul the way we ensure the financial soundness of our insurers. We are setting a world-leading standard that requires insurers to focus on managing all the risks they face and enables them to operate much more efficiently.”

From the perspective of the real estate industry, Solvency II is widely seen as a blunt instrument that may negatively influence the way insurers and other institutional investors view real estate as an asset class. Not surprisingly lobbying has been intense. In the meantime, until Solvency II is implemented at the end of next year, uncertainty reigns for the real estate funds industry.
Among other things the panel will consider:
- The QIS5 Impact Assessment;
- Solvency II and what it means you and the appeal of the real estate industry as a destination for institutional investment relative to other asset classes;
- How Solvency II will influence the way in which insurance companies view real estate as an asset class;
- The likelihood that pension funds will also be subject to the legislation and what will this mean for the industry.

Panelists:
Will Anderson, finance director, property, Henderson Global Investors
John Forbes, partner, real estate funds, PwC
Matthew Ryall, global head of indirect investment and capital markets at Allianz Real Estate

Moderator: Martin Hurst, Editor, IP Real Estate
May 12 2011
62 mins
Solvency II: The impact on real estate investment
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