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Europe Daily Bulletin No. 9464

10 July 2007
GENERAL NEWS / (eu) eu/financial services
Future rules on solvability for insurance sector to be based on risks run by insurers

Brussels, 09/07/2007 (Agence Europe) - On Tuesday, Charlie McCreevy will present MEPs will the very much awaited “Solvability II” draft directive on reforming to radically overhaul the way European insurers calculate risk in raising the capital needed to carry out their activities in face of the pitfalls linked to it. There had been many announcements made by the European Commissioner for the internal market (EUROPE 9291, 9219). The Commission approach is close to that adopted in the...

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