New Danish solvency rules ‘will increase capital requirements’
Sampension CFO says simplifications welcome but standardisation has drawbacks
Danish insurers are facing increased solvency capital requirements from 2014 as the national regulator pushes forward with proposals to bring the calculation methodology more in line with Solvency II.
Finanstilsynet, the Danish Financial Supervisory Authority (FSA), is consulting on proposals to introduce a standard formula for calculating regulatory capital requirements in order to reduce inconsistencies between companies and ensure an equal level of policyholder protection.
The changes will
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