Australia beats Europe on regulatory overhaul

21 December 2012

Published in: Risk management, Capital, Reinsurance, Regulation, Solvency II, RBC Worldwide, ROW

Companies: Apra, QBE, Aon Benfield, KPMG, Deloitte

Australia has succeeded where Europe has seemingly failed by implementing new solvency capital regulations for insurers in three years – with relatively few delays. The standards will be implemented on 1 January 2013 and follow a broadly similar approach to Solvency II. Lorna Davies reports