Solvency II: All’s well that end’s well
Another month of to-ing and fro-ing over Solvency II (SII) has ended well for the (re)insurance industry, after the European Commission opted to overrule its advisory body and effectively reduce the draconian capital requirements that it was pushing for.
Last month, the Committee of European Insurance and Occupational Pensions Supervisors (Ceiops) seemed to indicate that insurers would get a tougher ride under quantitative impact study (QIS) 5 than suggested under QIS 4.
Under intense pressure from the insurance industry and...
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