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7th March 2012

Solvency II goes too far says survey

New research sponsored by BNY Mellon, a global leader in investment management and investment services, and conducted by the Economist Intelligence Unit, found that a majority of institutions surveyed believe that Solvency II oversteps the mark. Almost three quarters of survey respondents (73%) agree that the costs to insurers of compliance with the new regulations will be passed on to policyholders, and there is concern that both corporates and individuals may choose to be under-insured as a consequence.