FSA Fears ‘tick-box’ Approach to Risk Management as Insurers Focus on Solvency II Capital Requirements

Companies will not receive any more guidance from FSA on Orsa development.

Insurers are placing too much emphasis on Solvency II’s capital requirements at the expense of the regime’s risk management principles, the UK Financial Services Authority has warned.

Kathryn Morgan, a manager in the prudential insurance policy team at the FSA, based in London, said she was concerned that companies’ approach to implementing Solvency II was too linear.

Continue Reading “FSA Fears ‘tick-box’ Approach to Risk Management as Insurers Focus on Solvency II Capital Requirements” at Risk News

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