Global capital rules for insurers must allow internal models – ABI

Hugh Savill, Association of British Insurers

Insurance firms in Europe should be allowed to use Solvency II internal models to calculate capital requirements for the insurance capital standard (ICS), according to Hugh Savill, director of regulation at the Association of British Insurers (ABI) in London.

Speaking to ahead of today's (June 16) International Association of Insurance Supervisors' (IAIS) global seminar in Budapest, Savill says there is a danger European firms will be blocked from using internal models to calculate ICS

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