Chief exec is optimistic about an increase in sales
Primary insurers will be forced to buy more reinsurance cover because of Solvency II, according to Munich Re chief risk officer Joachim Oechslin. The increased sales will help Munich Re boost sales in 2011.
“On balance, we believe there will be a positive impact on our business,” Oecshlin said.
He observed a “disproportionate increase in conservatism” in the latest Solvency II proposals from EU regulatory body CEIOPS, citing higher capital requirements even for business not directly exposed to financial markets.
"We are optimistic that regulators and policymakers will make a reasonable decision," Oecshlin said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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