Article by Angele Grech on "Embracing Change – Regulatory Innovation"
NOVEMBER 19, 2014
Insurance is a dynamic industry operating in a world of risk and uniquely exposed to uncertainty. To succeed, it needs to be flexible and innovative. In parallel, regulatory change is transforming the face of insurance. The Solvency II project, which originated some 13 years ago, aims for a robust framework that captures the economic reality of the asset-liability position of insurers and brings capital closer to the insurers’ risk profile. The framework promotes a...