Solvency II to curb renascent with-profit sector
Higher capital charges for with profits products under Solvency II
The with-profit – or participating – insurance product sector is likely to be curbed by the increasing capital costs that will be imposed by Solvency II, according to research by US bank Morgan Stanley and London-based consultancy Oliver Wyman.
According to the report, Solvency 2: Quantitative & Strategic Impact, the realities of the new regulatory regime will force firms to either retreat entirely from the sector or redesign their products. According to Astrid Jaekel, a consultant at Oliver
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