Insurers raise fresh concerns over Solvency II phase-in

Instability of capital framework should be reflected in plans for soft-launch

Gabriel Bernardino
Eiopa chairman, Gabriel Bernardino

Insurers have warned against soft-launching certain elements of Solvency II because of continued uncertainty over the rules.

The European Insurance and Occupational Pensions Authority (Eiopa) has been urged not to require insurers to report Solvency II metrics before the regime's capital requirements come into force, as it draws up plans to phase-in elements of the rules.

Carl Dowthwaite, group commercial actuary at London-based Legal & General, says: "The final Solvency II rules are not yet

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