FSA fears 'tick-box' approach to risk management as insurers focus on Solvency II capital requirements

FSA Canary Wharf

Insurers are placing too much emphasis on Solvency II's capital requirements at the expense of the regime's risk management principles, the UK Financial Services Authority has warned.

Kathryn Morgan, a manager in the prudential insurance policy team at the FSA, based in London, said she was concerned that companies' approach to implementing Solvency II was too linear.

"I worry people are implementing [Solvency II's three] pillars in order and that the implementation of Pillar 2 will be too 'tick

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here