Firms underestimating effect of prudent person principle
Insurance Risk Europe: Danish regulator says Solvency II's prudent person principle will have a "massive effect" on investment behaviour
Insurers are underestimating the impact that the prudent person principle in Solvency II will have on their investment activities, particularly in the area of non-traditional investments, according to a leading regulator.
Jan Parner, deputy director-general at Finanstilsynet, the Danish insurance supervisor, and a member of the management board of the European Insurance and Occupational Pensions Authority (Eiopa), told delegates at Insurance Risk Europe today that the prudent person principle
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