German finance ministry attacked on solvency rules



The German finance ministry is facing criticism from the insurance industry for not clarifying its position on how solvency rules should be reviewed in light of a new proposal from the justice ministry on reforming insurance contract law, which was put forwards on 11 October.

"The now-published text just hints at the insurers' solvency situation," says Dr. Johannes Lorper, responsible for private customer business and actuarial aspectsat Germany's second largest primary insurer, Ergo Versiche