Thursday 14 November 2013

Breaking News: European Officials Reach Deal on Solvency II Insurance Rules

Insurance Journal Breaking News
November 14, 2013

Breaking News Alert

European Officials Reach Deal on Solvency II Insurance Rules

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European politicians reached an agreement paving the way for new rules designed to make insurance companies safer after 13 years of wrangling with the industry and regulators.

The European Commission, European Parliament and Council of the European Union yesterday agreed on rules on how to assess capital insurers need to set aside to meet future obligations while taking into account market volatility, the Lithuanian Presidency, representing the EU Council, said in a statement on its website today.

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