Business Insurance will be back online in October. Please check back then to subscribe/register.

All existing subscriptions will be honored. Contact with any questions.


India: Implementation of Solvency II norms may take longer time

Comments Email Reprints

The implementation of Solvency II rules in India's insurance sector may take a longer time than expected as insurers are not prepared for a solvency mechanism based only on risk, Business Standard reported.

A senior life insurance executive said "at present, Indian insurers use factor-based process for arriving at solvency margin and hence moving into a completely different system will take time."

The chief financial officer of a private general insurer said "the regime will take at least four to five years more to be implemented."

Read more

More from BI