The European Parliament’s Committee on Economic and Monetary Affairs (ECON) discussed on Wednesday 20 April the amendment of the Solvency II directive on the taking up and pursuit of the business of insurance and reinsurance.
“Solvency II has proved its worth, but we need things to be adjusted”, said rapporteur Markus Ferber (EPP, Germany) in his opening address. In this respect, he regretted the “conservative interpretation” of the directive to date. He wants insurance to...