Solvency II could be dangerous for whole economy, expert warns

Storm warning

Solvency II could be dangerous for the whole economy, an insurance expert warned delegates at the Federation of European Risk Managers conference in Versailles this week.

Gérald Harlin, group chief financial officer at Axa, warned that the impending insurance regulation raised questions that must be addressed to prevent possible economic catastrophe. "Solvency II has some shortcomings, and that means we [need to] start corrective action," he warned. "In particular, when you think about the

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