Dutch insurers have sold €23bn worth of assets on balance so far this year, with about three quarters of the proceeds used to meet the margin requirements under derivatives contracts, latest figures published by De Nederlandsche Bank (DNB) have shown.
Insurers deposited €17.4bn in margin requirements for the first three quarters of 2022, representing 5.4% of their liabilities. The largest share came from life insurers.
DNB said insurer’s margin requirements increased only slightly in the third quarter of 2022. Whereas they had to deposit €8.4bn in the first quarter, they only deposited €1.9bn in margin accounts in the third quarter.