Burden of regulation 'overloading' Nordic insurers
The quantity of regulation and pace of implementation means insurers risk misunderstanding new requirements, says Sampension chief executive, speaking at Insurance Risk Nordics
The pace at which regulation is being introduced in Denmark threatens to “overload” insurance companies’ boards and increases the risk that the implementation of new requirements will be faulty, says Hasse Jørgensen, chief executive officer of Sampension.
Speaking at the Insurance Risk Nordics conference in Stockholm, Jørgensen claimed that regulators across Europe are striving to develop more detailed and higher-impact regulation at a faster pace than attempted before. In 2013, 24 new pieces of
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