English to French Bus/Financial Insurance directive Solvabilité 2

Bonjour à tous,

Je donne le plus de contexte possible pour cette question qui porte sur le secteur des assurances et la directive Solvabilité 2 dont l'objectif est de garantir la solvabilité des assurances.

Solvency II also influences the asset side of the balance sheet.
All insurers hold large investment portfolios to back the promises that they have made to their customers.
Returns on these portfolios have traditionally provided a big chunk of their profits.
On the general insurance side of the business, where claims are unpredictable, companies tend to hold a lot in liquid assets.
In the life insurance industry, however, companies have a lot more flexibility over where to invest.
It is here that Solvency II has had the biggest impact as the insurers aim to move away from assets that carry high capital charges under the new rules, but at the same time avoid assets whose returns are either tiny or negative.
In the much larger bond portfolios, those insurers that have offered long-term guarantees have moved towards gilts, but these offer very small returns..
Others have therefore moved down the credit curve.

Merci d'avance pour votre aide si précieuse