Insurance buyers add to Solvency II concerns

Risk managers gathered for the annual conference held by FERMA to air their concerns about the potential impact of Solvency II on the commercial insurance market. The association said it is “very concerned” about the shift in opinion over the past few months. “Something happened between April and now. In April, Solvency II got a warm welcome from the insurers. Now the European insurance committee, the CEA, has issued a letter saying it has major concerns about the impact on the insurance industry and on insurance buyers,” said FERMA president Peter den Dekker.