On Wednesday 22 September, the European Commission presented two proposals for directives designed to consolidate the ‘Solvency II’ prudential rules governing the insurance and reinsurance sector and to stimulate long-term investment in this flourishing industry.
“We’re adjusting the rules, not revamping them”, said European Commission Vice-President Valdis Dombrovskis, arguing that the ‘Solvency II’ framework, in place since 2016, has been internationally recognised as leading...