New EU insurer capital rules from January 2016
Saturday, 09 05 2015, Category: Insurance and Reinsurance, Country: Europe
Generali, Axa, Aviva and Allianz are among several thousand insurance companies that must comply with stricter European Union capital rules starting from January.
The "Solvency II" rules are aimed at ensuring that each insurer holds enough capital to meet policyholder claims and withstand market shocks.
Dutch state-owned insurer ASR said last week its solvency ratio would decline under Solvency II.
Dutch insurers Aegon and Delta Lloyd have seen shares fall sharply after they made similar statements last month.