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International

U.K. regulator approves insurers' Solvency II models

December 07, 2015 Reprints

The Bank of England has approved capital calculation models of 19 U.K. insurers ahead of Solvency II capital rules that come into effect in January 2016, reports Reuters.

These insurers can now use their internal models to determine how much capital they hold to make sure they can meet policyholder commitments under Solvency II.

"Going forward we will monitor insurers' models carefully in order to ensure they continue to deliver an appropriate level of capital," an official at the bank's Prudential Regulation Authority said.

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U.K. regulator approves insurers' Solvency II models

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