UK insurance association slams ESRB report

'Very poorly timed' paper misses the point on pro-cyclicality, says ABI’s head of regulation

Hugh Savill, director of regulation, Association of British Insurers

The Association of British Insurers’ regulatory chief has reacted angrily to a report from the European Systemic Risk Board (ESRB) criticising elements of Solvency II and calling for insur