Delays hit EU insurance revamp, says regulator

The supervisory regulator for the insurance industry in Euroope, the European Insurance and Occupational Pensions Authority (EIOPA), has written to the European Commission to say that policymakers’ delays in giving the green light to Europe’s biggest overhaul of insurance regulations (Solvency II) threaten to undermine the project.

ESO: Background information: Solvency http://www.europeansources.info/record/risk-management-and-supervision-of-insurance-companies-solvency-2/

ESO: Background information: Solvency II faces year’s delay http://www.europeansources.info/record/solvency-ii-faces-years-delay/

EIOPA: Letter from EIOPA Chairman to Michel Barnier, European Commissioner for Internal Market and Services, on the implementation of Solvency II, 1.2.12 https://eiopa.europa.eu/fileadmin/tx_dam/files/publications/otherdocuments/2012-01-31_EIOPA_12_036_Implementation_on_Solvency_II_-_Letter_to_Commissioner_Barnier.pdf

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