Firms underestimating effect of prudent person principle

Danish regulator says investment activities will be transformed

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