Mark Hoban says consensus is 2014 start date
Treasury secretary Mark Hoban says there is now a broad consensus that 2014 will be the start date for Solvency 2.
“There is a broad consensus in Europe that firms will be required to comply by 2014, with some ‘soft’ implementation from 2013,” he told the Association of British Insurers’ Solvency II conference yesterday.
The FSA said in October it would assume a 2014 start date, but European authorities have not formally changed the start date.
Solvency 2 is currently undergoing a debate over whether to allow ‘volatility dampeners’ so capital requirement rules are relaxed for insurers suffering from deterioration in assets, especially bonds.
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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