Airmic: members will have to take Solvency II pain for little gain
The Solvency II reforms as currently proposed would reduce the amount of insurance capacity available to UK businesses and put up the cost of cover, the Association of Insurance and Risk Managers has warned.
As a result companies would have less money to invest in their businesses and would buy less insurance, leaving them more exposed to big losses, it added.
In a statement issued today Airmic reiterated
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