Flawed reliance on VAR a systemic risk for insurers

Solvency II has its weaknesses, says writer and consultant René Doff

rene-doff

Now that most of Western Europe is preparing for the summer holidays, it is a good moment to reflect on what we have achieved in the insurance industry.

First, let's be honest. We are rightfully grateful to move on from the Solvency I framework, so Solvency II is a big step in the right direction. Also, there are only a few doubts about the objectives of Solvency II. As such it is good that the 2016 deadline is approaching and the industry is emerging from the stalemate in the decision-making pr

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