Nelson: Regulatory burden hampers Solvency II


In an exclusive interview with Post, John Nelson, pictured, said tough prudential regulation was a necessary and welcome addition to the market, but the excessive process, man-hours and financial strain imposed on insurers make Solvency II a burden on the industry.   “I am very much in favour of tough prudential regulation,” Nelson said. “What I’m not in favour of is the massive regulatory burden imposed upon the insurance industry. “There is too much process, too much detail, too many man-