UK insurers fear Solvency II outcome

A survey conducted by the Association of British Insurers (ABI) in September revealed that 68% of UK insurers responding to the poll are concerned that the Solvency II project will fall short of adopting an economic and risk-based approach. The ABI recently told EU legislators and the European Commission that “if the economic and risk-based approach is not adopted, Solvency II will fail to deliver incentives for better risk management and a level playing field”.