At the 2015 Global Insurance Forum, spoke with Shaun Crawford, Global Insurance Sector Leader at Ernst & Young, about the impact of Solvency II on regulatory standards around the world. He comments on the EU endorsement of insurance rules used in seven countries, including the U.S., Switzerland and Bermuda, saying it raises the level of how insurers are analyzed and rated.

Other countries in Asia and Latin America are also creating Solvency II-like standards, which are bringing a more unified approach to how insurers are regulated. According to Mr. Crawford, equivalency issues could make it harder for international companies to compete in local markets.

For more of our coverage of the IIS Global Insurance Forum, visit the On Demand Library.

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