Firms underestimating effect of prudent person principle

Danish regulator says investment activities will be transformed

jan-parner-danish-fsa
Jan Parner, Finanstilsynet

Insurers are underestimating the impact that the prudent person principle in Solvency II will have on their investment activities, particularly in the area of non-traditional investments, according to a leading regulator.

Jan Parner, deputy director-general at Finanstilsynet, the Danish insurance supervisor, and a member of the management board of the European Insurance and Occupational Pensions Authority (Eiopa), told delegates at Insurance Risk Europe today that the prudent person principle wil