Brexit an opportunity to ease Solvency II requirements
Saturday, 12 03 2016, Category: Insurance and Reinsurance, Country: United Kingdom
The exit from the EU may offer the UK an opportunity to adapt Solvency II rules to better suit the needs of the country's re/insurers.
In response to the UK Treasury Select Committee inquiry into Solvency II, Willis Towers Watson, a broker, has recommended a number of key amendments to reduce the complexity and cost of Solvency II without losing its overarching benefits.
Among the changes suggested by the broker are an improvement of the risk margin, a review of the Solvency II standard formula capital approach and a reduction of the asset and liability matching adjustment eligibility restrictions.
Source: Intelligent Insurer