Solvency II came into effect on January 1st, 2016. In regards to reinsurance, this new prudential framework is of particular interest to cedents and should provide insurance companies with improved economic management.
The European insurance market, more concentrated due to Solvency II, is now comprised primarily of larger companies with substantial risk portfolios. In this environment, reinsurance could play a key role, resulting in the creation of new opportunities to meet the increasing needs of cedents.
- Julien Victor, CEO, Effisoft
- François Reibell, Associate, Strada Consulting