Norwegian regulator to ease internal model timetable in wake of Solvency II delays

Map of Europe

The Norwegian financial regulator, Finanstilsynet, is set to change its timetable for the pre-application process for internal model approval in response to the expected delay to Solvency II.

The French regulator, the Autorité des Marchés Financiers (AMF), is also understood to be considering making adjustments to its pre-approval timetable given that a one- or two-year delay to Solvency II is now seen as inevitable.

Runa Sæther, head of insurance supervision at Finanstilsynet, says the

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