Half of insurers ready for Solvency II
The majority of European insurers believe that Solvency II will improve their companies’ risk and capital management functions, and half have already enacted formal programmes to address the proposed European Union directive, according to results of a survey by Accenture.
Solvency II calls for the harmonization of national solvency regulations for insurers based in Europe and the enactment of new rules regarding the levels of capital that EU insurers must set aside to
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