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Europe Daily Bulletin No. 7833

1 November 2000
Contents Publication in full By article 20 / 60
GENERAL NEWS / (eu) eu/financial services
European Commission proposes to reinforce solvency margin requirements for insurance companies

Brussels, 31/10/2000 (Agence Europe) - On Monday the European Commission presented a proposal aiming to strengthen the solvency margins required for life and non-life insurance companies. "These proposals would clarify, simplify, improve and update the rules on the minimum amount of extra capital that an insurance undertaking can fall back on in case of unforeseen developments and so help to improve consumers' confidence when buying insurance products", commented Frits Bolkenstein, European...

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