Insurers revamp capital sums to prepare for SII

The business advisory firm said that of those making preparations, 60% have increased the sophistication of their approach to calculating the capital they must hold, and 40% have simplified their approach. Among those making changes, 37% are switching from a partial internal model to a full internal model, and 23% have moved away from The Solvency II rules will be implemented in January 2014. Deloitte lead Solvency II partner Rick Lester said: "Solvency II forces insurers to analyse the risks they run across their business and determine the level of capital they need to hold. "R...