EC's Van Hulle responds to industry's Solvency II broadside

The European Commission (EC) is already working to address Solvency II issues raised by industry bodies in a sharply critical letter to the EC, according to Karel Van Hulle, the commission head of insurance and pensions. But while acknowledging industry fears, Van Hulle - who was speaking at the Risk Europe conference in Brussels this week - also highlighted the fact that insurers have tended to overstate the impact of the new rules, and pointed to the results of the recently published fifth