Solvency abuse

giovannicucinotta-cutout

As the debate rages in the banking industry over the Basel II capital adequacy rules, blamed by some for exacerbating the financial crisis, the insurance sector prepares to introduce its own risk-based capital framework, Solvency II. But the change, due to come into force at the end of 2012, will cause problems for many firms, believes Giovanni Cucinotta, head of research at Italian insurance regulator Istituto per la Vigilanza sulle Assicurazioni Private e di Interesse Collettivo (Isvap).

"The

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: