Regulatory initiatives under Solvency II and the US Solvency Modernization Initiative (SMI) have been challenged, after a study found that the losses stemming from natural catastrophes do not justify higher capital reserves for insurers.
Regulatory initiatives under Solvency II and the US Solvency Modernization Initiative (SMI) have been challenged, after a study found that the losses stemming from natural catastrophes do not justify higher capital reserves for insurers.