Implications of Solvency II for product development

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By Joshua Corrigan, Gary Finkelstein | 01 October 2009
The Solvency II regime was developed in order to minimize market distortions by better aligning solvency capital with economic capital. Capital is already a critical element in both product development and risk management, but it will become even more important under Solvency II. The new framework will give EU insurers an incentive to price and manage their risks more appropriately.