most recent 30 from http://answers.riskportal.com 2010-09-10T19:31:07Z http://answers.riskportal.com/feeds/question/41 http://www.creativecommons.org/licenses/by-nc/2.5/rdf http://answers.riskportal.com/questions/41/what-are-the-implications-of-solvency-ii-for-small-insurance-companies Oli 2010-01-22T10:31:18Z 2010-08-30T19:23:55Z

<p>What are the implications of Solvency II for small insurance companies, and are the concerns of the Small and Medium-sized Enterprises (SMEs) being taken into account?</p>

http://answers.riskportal.com/questions/41/what-are-the-implications-of-solvency-ii-for-small-insurance-companies/90#90 Stephen J 2010-03-01T10:09:58Z 2010-03-01T10:09:58Z

<p>There is a group - ROAM (Réunion des Organismes d’Assurance Mutuelle) - who are actively seeking a review of Solvency II with respect to mutual insurance and SME's. </p> <p>ROAM is taking a proactive role to defend the model of mutual insurance and, more specifically, the general interests of the small and medium-sized mutual insurance companies which maintain a close link with their original mutual principles. </p> <p>ROAM is concerned that certain specialised mutual insurance companies could find themselves facing an own funds requirement five to ten times higher than the current requirement. They also argue that the introduction and effective follow-up of a well-structured internal control system will pose problems for all small structures (in terms of cost and internal expertise). Their arguments appear to have some validity though mostly around the burden on SMEs and the greater influence over regulators that the large and better organised for-profit insurers have over less well represented SMEs.</p>