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German financial regulator BaFin's insurance head Felix Hufeld said the country may "say goodbye" to Solvency II talks if a 'one size fits all' deadline is set for insurers, Reuters reported citing Wall Street Journal Deutschland.
Mr. Hufeld pointed out that the changes "are taking place in a low interest rate environment" and suggested that regulators fix different deadlines for different insurers.
While big players appear to be well set for the regulatory requirements, smaller insurers may struggle to bear the associated administrative steps, he said.