Insurers mull ways around rules on contract boundaries

Policy amendments a possible method to recognise future profits

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As the drafting of the Solvency II delegated acts comes down to the details, insurers are contemplating the consequences of defeat in their efforts to shape legislation in a number of areas. The definition of contract boundaries tops the list of battles lost. The way legislation is drafted means future profits embedded in pure unit-linked and some other products will not be recognised in insurers’ balance sheets.

Firms are working their way around the problem. Preliminary actuarial analysis sugg

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