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EU may delay Solvency II

European Union map

Michel Barnier, the European Union commissioner in charge of regulation, has attributed a potential delay to Solvency II to wrangling between member states over the shape of the regulation.

A spokesman for the commissioner told Reuters that he had called for an impact assessment of the rules by March 2013, but that it was too early to say whether the January 2014 start date would have to

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FCA looking to address issues on claims definitions

Andrew Ruddle, the Financial Conduct Authority’s interim head of the department for insurance market analysis and policy, has said the regulator is looking at addressing issues about different claims definitions within insurance.

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