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

ljubjana

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here