Solvency II presents capital challenges for Euro insurers
European insurers may need to adjust their capital reserves for the upcoming Solvency II regulation regime, according to a ratings agency chief.
Speaking at last week’s European Insurance Forum, AM Best’s Vasilis Katsipis said while it is unlikely Solvency II will force insurers to increase capital dramatically, some non-life insurers will need to boost their capital.
But reinsurers are least likely to be affected.
Mr Katsipis says one in five non-life companies could face problems, particularly smaller operations such as mutuals and captives, according to industry media reports.
Speaking at last week’s European Insurance Forum, AM Best’s Vasilis Katsipis said while it is unlikely Solvency II will force insurers to increase capital dramatically, some non-life insurers will need to boost their capital.
But reinsurers are least likely to be affected.
Mr Katsipis says one in five non-life companies could face problems, particularly smaller operations such as mutuals and captives, according to industry media reports.