MCR creates stand-off in Solvency II negotiations

Insurers and European regulators have clashed over key calculations in the Solvency II directive proposals. The Comité Européen des Assurances (CEA) and the CRO Forum have written to the European Commission objecting to the new methods of calculating the minimum capital requirement (MCR) which will be tested as part of the latest quantitative impact study (QIS 4).