Guy Carp: regulatory change will test balance sheets

The cost of managing looming regulatory changes is likely to hit
reinsurers' bottom lines, according to Guy Carpenter.
The reinsurance broker claimed in a report released last week
(14 September) that upcoming regulations - including Solvency II
and the accompanying Own Risk and Solvency Assessment - will have a
profound effect on (re)insurers' balance sheets and risk
management practices.
Under the European Union's Solvency II Pillar 2 reporting
requirements, which set out the fundamentals of c