Life and Pensions Nordics: regulators and insurers must respond to guarantees challenge
Solvency II must support long-term guarantees but insurers must develop simple products, says Nordea Life and Pensions CRO
Solvency II must evolve to support the continued provision of products with long-term guarantees, but the insurance industry must also adapt if it is to offer products that meet customer needs, delegates at Insurance Risk's Life and Pensions Nordics conference in Stockholm heard today.
Annette Olesen, group chief risk officer at Nordea Life and Pensions, said the low interest rate environment had forced insurers to abandon traditional guaranteed products, but there was still a place for new
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