Solvency II: threat to small insurance companies, says accountant
Accountant Moore Stephens said today that smaller insurance businesses may have to make difficult decisions about their long-term viability under Solvency II, the EU-wide capital adequacy requirements which will come into force in 2012.
Simon Gallagher, head of the firm’s Insurance Industry Group, said: “It seems likely that larger companies will be better equipped than their smaller counterparts to deal with life under Solvency II
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