Scor looks to Solvency II


While the banking industry and its regulators hurry to reform in the wake of the financial crisis, the Solvency II capital rules for the insurance sector are stuck in a pre-crisis world. Philippe Trainar, the new chief risk officer at French insurer Scor, argues the regulators behind Solvency II – the Committee of European Insurance and Occupational Pension Supervisors (Ceiops) and the European Commission (EC) – have ignored many of the issues thrown up by the crisis, and the rule