Brussels, 29/03/2016 (Agence Europe) - The Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE) said on Tuesday 29 March that the new prudential regime, with the entry into force of Solvency II, increased dependency on credit rating associations and led to excessive costs for insurers. This question “should be re-examined when Solvency II is revised in 2008”, the president of AMICE, Hilde Vernaillen, states.
In the framework of the new prudential regime, the...