Two Groups Sound Alarm on Solvency II

Jones, Marc
October 2009
Best's Review;Oct2009, Vol. 110 Issue 6, p10
Trade Publication
The article reports on the concern of the International Underwriting Association and the Gesamtverband der Deutschen Versicherungswirtschaft on the impact of Solvency II in the economy of Great Britain and Germany in 2009. The two groups claimed that the solvency regime might be too conservative and might result to higher premium rates. The two groups voiced worries about the effect of Solvency II on the market if it is acquired too immediately with rules that are too closed.


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