Laying down the law

Transparency

When it comes to the new Solvency II framework, the German insurance industry is as aware of the need for change as anyone else. Maybe even more so than some - with the German Insurance Association (GDV) having started its search for a risk-based standard model as early as 1997. But a surprise addition to a new insurance contract law may goad the finance ministry into taking some tough decisions about solvency requirements earlier than it had expected.

At issue is a proposed change in the way

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: