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Europe Daily Bulletin No. 11149

6 September 2014
Contents Publication in full By article 19 / 27
ECONOMY - FINANCE - BUSINESS / (ae) insurance
Industry says Solvency II is brake on long-term investment

Brussels, 05/09/2014 (Agence Europe) - The insurance industry has warned the European Commission not to introduce over-strict insurance rules that would limit its ability to invest in long-term projects that are crucial for growth.

On behalf of Insurance Europe, Michaela Koller said that insurance companies contribute enormously to the promotion of the European economy through long-term investment of the equivalent of nearly 60% of EU GDP. She said their role is being threatened, however,...