Europe passes Solvency II capital test
The European Union has declared that (re)insurers are well capitalised and broadly prepared for Solvency II, but the new regulator brought in to chaperone the transition is warning against complacency.
Despite the industry receiving a clean bill of health from the EU's fifth Quantitative Impact Study (QIS5), the newly formed European Insurance and Occupational Pensions Authority (Eiopa) is calling for renewed efforts to meet the 2013 regulatory changeover.
Speaking on the 24 March in Frankfurt, Carlos Montalvo, who was recently...
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