Solvency II to cause regulatory arbitrage in Asia

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European insurers operating in Asia could face regulatory arbitrage once Solvency II is launched in 2013 due to the stark differences in capital requirements between the solvency regulations in Europe and the risk-based capital systems expanding across Asia, according to a report by UK law firm Norton Rose. Forty-two per cent of respondents participating in Norton Rose's Asia Pacific Insurance Survey 2011 believe regulators should align their regulations with Solvency II, as opposed to the le