Expert warns of importance of getting Solvency II right

07/9/2013 | Reuters · Reuters

Prudential CEO Tidjane Thiam says EU regulators must get solvency rules for insurers right or they risk hurting economic growth. "Getting this wrong will have real consequences for our economy and for jobs, for growth and how we deal with an ageing population," Thiam said. Meanwhile, Andrew Bailey, head of the UK Prudential Regulation Authority, says EU authorities still have a way to go before Solvency II rules are workable.

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