Brussels, 19/01/2015 (Agence Europe) - The industry feels that changes need to be made to the European prudential rules to bring them into line with the reality of the European insurance sector.
The legislative package 'Solvency II' will help the industry to face financial crises, but the review processes it contains should serve to make “important refinements”, particularly regarding “unnecessarily high capital charges for long-term investments”, said Olav Jones of the organisation...