German finance ministry attacked on solvency rules

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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