Sovency II: Brokers should make their mark

past-present-future

This year will be a busy year for the insurance industry as it makes sure it is fully compliant with Solvency II regulations by January 2016 - and for some insurers it will be a case of deciding whether to withdraw from an entire class of business or a territory.

Insurers will be required to revise the modelling that they have in place for their capital requirements, and as a result they may find that the reserves they have to put aside for certain business classes is so significant that it is n