The excess supply of capital will mean insurers will survive Solvency II, Aon Global Broking Centre CEO Lambros Lambrou says.

“Solvency II is not going to trigger a fundamental shift,” he told insuranceNEWS.com.au. “The industry has enough capital to meet the requirements.”

Mr Lambrou says the key is the excess capital in the global insurance industry and the ability to raise further funds if there is a need.

And the new regulations are also unlikely to have an impact on pricing, he says.

“There are different issues affecting pricing, and Solvency II is not going to trigger any impact on the cycle,” he said. “Solvency II is not an event that will change markets.”