“Solvency II has had an extremely significant impact on mutuals,” said
While acknowledging the goal of the new regime, he said he believes that, “more can be done to alleviate the burden on small insurers.”
“Solvency II was looked upon as a threat in the beginning, since we did not know what would happen. However, it became not a solvency issue, but a technical one to set-up the model to make sure that everything was working correctly,” he said. “Now, the problem is, if you want to diversify, because the house risk is lower, every risk you try will need additional capital; and thus, Solvency II becomes an issue.”
Also appearing in this episode:
-
Gabriel Bernardino , chairman,European Insurance andOccupational Pensions Authority ; and -
Monika Kostlin , managing director, Kiel Reinsurance.
For full video coverage of the
Recent episodes of A.M.BestTV include:
-
Insurers Boost Holdings in Collateralized Loan Obligations, Say A.M. Best Analysts:Ken Johnson , senior director, andJason Hopper , associate director,A.M. Best , examine insurers' growing interest in collateralized loan obligations (CLO), including the role CLOs play in diversifying risk and responding to interest rate fluctuations: http://www.ambest.com/v.asp?v=clo518. - Lloyd's Set to Showcase, Fast-Track New Technology, Says Lloyd’s Chief Commercial Officer: Vincent Vandendael, chief commercial officer, Lloyd's, said that his company is fast-tracking its new technology and helping to grow the new sharing economy: http://www.ambest.com/v.asp?v=vandendael618.
- Known for Their Endurance, European Mutuals Aim to Promote Sustainability:
Sarah Goddard , secretary general,Association of Mutual Insurers and Insurance Cooperatives inEurope , previews key issues as members prepare to gather for the organization's bi-annual conference: http://www.ambest.com/v.asp?v=amicewalkup618. - Asia Insurance CFOs Role Expands to Meet Regulatory, Technology and Cost Pressures: At the 12th
Asian Insurance Chief Financial Officers (CFO) Summit, CFOs said that a sharper focus by company leaders on compliance, profitability and technology competition has them handling an expanding array of responsibilities: http://www.ambest.com/v.asp?v=hkcfosummit1518.
A.M.BestTV covers exclusive
Copyright © 2018 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180606006260/en/
Group Vice President, Publication and News Services
[email protected]
Source:
Get Car Insurance Quotes Before Renewing
Here’s Why Americans Tap Their Retirement Funds Early
Advisor News
Annuity News
Health/Employee Benefits
Life Insurance