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The EU is reviewing the regulatory requirements for insurers

The EU is currently reviewing the Solvency II European guidelines, the Forinshurer website reports.
The EU is reviewing the regulatory requirements for insurers

Along with protecting the consumer interests the key objectives of the European regulations is support of the insurance industry and creation of preconditions for maintaining the competitiveness of the European insurance industry on the world stage.

Solvency II aims to help maintain a balance of interests between market players and policyholders and help the insurance industry to recover from the pandemic crisis. The principles of proportionality in the regulatory approach to insurance companies must be observed and based not only on the company's business size but also on the characteristics of the insurer's risk profile.

Much attention should be paid to the investment policy of insurance companies and management of the portfolio of long-term life insurance products.

Source: https://forinsurer.com/news/20/10/09/38568

Photos are from open sources.

 

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