Solvency II: Stability and efficiency require bold decisions Copy link
How much regulation is needed for stability, and where does overregulation begin? This question runs like a thread through the ongoing review of Solvency II. In the new Finance Talk, Götz Treber, Head of the GDV’s Centre of Competence Corporate Management and Regulation, speaks with Angus Scorgie, Head of Prudential Regulation at Insurance Europe, about progress, remaining challenges, and the balance between security, bureaucracy, and competitiveness.
Scorgie emphasizes: “Our industry acts based on evidence. We look for solutions, not excuses.” At the same time, he sees room for improvement at Level 2. In his view, too many technical details and too few bold decisions are slowing down the reform process.
Particularly important are questions about the calculation of long-term interest rates, the volatility adjustment, and long-term investments. These are key levers for a resilient and future-oriented insurance business. Scorgie calls for fewer reporting obligations and greater proportionality, especially for small and medium-sized insurers. Equally important are continuity and stability in rules that have proven effective in practice.
Despite all the complexity, he draws a clear conclusion: “If Europe wants to unlock capital and strengthen the economy, it needs courage and sensible regulation.”
Watch the full interview now!
