Insight and Intelligence on the London & International Insurance Markets

29 March 2015

Search archive

Hiscox CEO says Solvency II is only ‘half right’

18 February 2013

Bronek Masojada, the CEO of Lloyd's carrier Hiscox, has said that Solvency II needs to have more focus on the customer and less focus on process.

Masojada told attendees of an Economist-sponsored insurance conference that the core assumptions behind Solvency II were only half right.

He said that Solvency II assumed, first, that good controls only produce good outcomes and, second, that regulators can recruit talented people.

He argued that these assumptions were not fulfilled. Sometimes, well-intentioned controls simply madden...

If you are a non-subscriber but would like to be able to view this article, then please email Annie Lightholder on

This article was published as part of issue February 2013/3

Insider Publishing Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2015. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.