A new website has been launched by the International Underwriting Association (IUA) to discuss Solvency II, the planned new European solvency regime for insurers.
The website, www.solvencyii.co.uk provides access to all the information and issues arising for non life insurers from the European Union's introduction of new solvency rules.
Pam Byrnes, the IUA's director of financial and compliance services, said: “A great deal of attention is being focussed by insurers and reinsurers on the development of a new EU solvency regime and the IUA's new website reflects this interest.
“The introduction of new solvency rules represents a real chance for the industry to help shape a much more effective regulatory system that allows more efficient use of capital and better risk management.
“But in order to make sure we get the best system possible the industry needs to be fully involved throughout the development process.”
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