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Analysts praise ECON vote on Solvency II

European Parliament

Industry experts have praised the European Parliament Economic and Monetary Affairs Committee decision to back a series of Solvency II amendments.

The changes include matching premiums, which will mean that insurers will need less capital.

The vote was passed by a majority (with 38 for, five against and no abstentions), although some clauses

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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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