Third, we regulate the large and numerous retail intermediaries sector and root out those who are failing to meet minimum regulatory standards and shouldn’t be acting as insurance intermediaries. On the first point, the Central Bank has intervened forcefully in recent years.
We oversaw a combined increase of the solvency capital of insurers in this sector by more than € in the past few years. In addition, we have ensured these firms have increased support from their parent companies and have put in place more extensive reinsurance cover in a number of cases.