The European insurance and reinsurance federation, the CEA, has responded to two consultation papers issued by the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS ). The consultations relate to the aspects of the EC’s proposed Solvency II Framework Directive that concern the supervision of insurance groups and the principle of proportionality. The CEA gave strong support for the inclusion in Solvency II of appropriate supervision of groups, based on an economic approach.

The CEA’s full responses can be seen by clicking here.