Regulatory changes cost the industry over €4bn in 2012
The top 40 European insurers are estimated to have collectively spent between €4.2bn and €4.9bn in 2012 complying with all new regulations, according to a report by Deloitte.
The consultancy firm said these figures are equivalent to a one percentage point reduction in return on equity.
The report, Rethinking the response - a strategic approach to regulatory uncertainty in
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