Dutch regulator urges insurers to report under Solvency II in 2012

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De Nederlandsche Bank (DNB), the Dutch financial regulator, is urging insurers to begin reporting on a Solvency II basis next year to assist their transition to the new regime.

The DNB is keen for firms to begin assessing their solvency levels and cost of capital under Solvency II's current calibrations so that companies can adequately position themselves for full implementation of the regime in 2014.

But the regulator stressed that such a move was not compulsory. "We strongly encourage insuranc