Insurer ASR's solvency slides under new Solvency II regime

Netherlands-based insurer ASR Nederland N.V.'s results for the first half of 2015 showed a sharp decline in the insurer's solvency under new European rules that take effect in January 2016, reported Reuters.

ASR said that solvency ratio was 297% under the old rules. However, solvency would be just 185% under the new Solvency II regime. Other Dutch insurers, namely Delta Lloyd N.V. and Aegon N.V., also recently reported lower solvency ratios than what analysts had been expecting under Solvency II. ASR reported a rise in net profit to €397 million ($449 million) in the first half.

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