EU insurance watchdog seeks consistent insurer models

November 18, 2015 9:27 AM

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FRANKFURT Nov 18 EU insurance watchdog EIOPA will work to ensure consistency among insurers' internal risk-capital models under new Solvency II capital rules to avoid the models simply becoming a means to optimise capital, EIOPA said on Wednesday.

Differences in internal models could have a huge impact on the level playing field among competing insurers and on policy holder protection, Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (EIOPA), said in a speech at an insurance conference.

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