| Author (Corporate) | European Commission: DG Internal Market and Services |
|---|---|
| Series Title | Single Market News |
| Series Details | No.46, July 2007 |
| Publication Date | January 2007 |
| Content Type | Journal | Series | Blog |
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A ground-breaking revision of EU insurance law designed to improve consumer protection, modernise supervision, deepen market integra-tion and increase the international competitiveness of European insurers has been proposed by the Commission. The new measures are intended to better match solvency requirements to the risks which insurance companies face and encourage the industry to improve the measure-ment and monitoring of risks. The new regulatory framework will apply to roughly 5,000 insurance and reinsurance undertakings in the EU and the Commission aims to have the new system in operation in 2012. |
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| Source Link | Link to Main Source http://ec.europa.eu/internal_market/smn/smn46/index_en.htm |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
