Brussels, 12/03/2014 (Agence Europe) - On Tuesday 11 March, MEPs set in stone the agreement on the Omnibus II provisions to revise the Solvency II Directive (2009/138/EC), which lays down prudential solvency rules based on the risks encountered by the insurance sector (see EUROPE 10973).
This legislative text brings in contra-cyclical measures limiting excesses of stock exchange volatility so that life insurance companies can be in a position to offer long-term investment products. These...