Insurers are still grappling with Solvency II
Friday, 05 13 2016, Category: Insurance and Reinsurance, Country: Europe
Almost six months after the introduction of Solvency II, the insurance market is still coming to terms with the changes that Solvency II has – and will – bring in, according to Fitch Ratings.
Speaking at the Fitch insurance capital management event at its London offices, David Prowse, senior director at Fitch Ratings, pointed out that although there had been quite a bit of criticism about the new regime, Solvency II was undoubtedly a better system than Solvency I.
However, he stressed that comparing companies via their solvency ratios was rarely like comparing apples with apples, illustrating the point by producing a pair of actual apples from his pockets.
Source: Intelligent Insurer