Solvency II’s main objective is the smooth development and operation of insurers to benefit consumers and the insurance sector. During the National Insurers Convention in May 2009, insurers discussed the application of Solvency II to Mexican insurers, on the understanding that it would guarantee carriers have enough capital for their operations.
Supervision in the sector needs to be more efficient. Action should start within the companies, so that all operative areas fulfil their duties while at the same time achieving companies’ and insurance sector objectives. The Solvency II scheme would greatly improve the strength of insurance companies, although some insurers could be at risk if they do not manage their operations efficiently.