Slovenia gears up for Solvency II challenge
In the last 20 years, the Slovene life industry has battled inflation rates of close to 2000%, sector-wide insolvency and is now readying for its first experience of risk-based capital regulation with the advent of Solvency II. Aaron Woolner reports
Life & Pension Risk: How seriously did the financial crisis affect the Slovene life sector?
Mihael Perman, director, Insurance Supervision Agency, Slovenia: The regulator didn’t come across any serious problems but we did switch to looking at insurers’ assets on a monthly basis and even in the worst parts of the crisis, these assets fell by only 1%. That doesn’t mean there wasn’t a wide variation between firms, and indeed some had to make capital add-ons, but overall there were no major problems
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