German Solvency II ratios promising, with no change to ratings
Friday, 09 09 2016, Category: Insurance and Reinsurance, Country: Germany
Only three of 342 German insurers reporting their first solvency capital requirements (SCR) under Solvency II were below the required level when the regulation took effect at the turn of the year, according to figures recently published by the country’s regulator.
Although these were all property casualty insurers, S&P said this week that initial Solvency II ratios are promising and that non-life and health insurers are, in general, better off than their life counterparts. The ratios have had no effect on S&P’s ratings to date.
Of the three German insurers below the required 100% Solvency II SCR on 1 January 2016, when the regulation came into force, one has since met the criteria.
Source: Commercial Risk Europe