Solvency II ratio compatibility is hindered by the ability of insurers to use one or more methods to enhance their ratios, according to Moody’s.
In a report released today (17 March), the ratings agency said that the different approaches included transitional methods and third country equivalence.
“The very use of internal models also creates the potential for inconsistent assumptions,” the report said.
At a breakfast briefing held in London today, Dominic Simpson, vice president and senior credit officer in the…Read more at Insurance Insider