European Union Archives - Page 19 of 20

Commission Issues Amended Proposal to the Solvency II Proposal

Mar 6, 2008 | Regulatory, Solvency II | European Union

On 26 February 2008, the European Commission issued an amended proposal to the Solvency II Directive Proposal (COM (2007) 361) which was adopted on 10 July 2007. The July 2007 version of the Solvency II Directive Proposal represented a recast of 13 existing Directives in the insurance and reinsurance sector, together with new solvency provisions.

EU: CEIOPS Releases Two Solvency II Consultation Papers

Feb 26, 2008 | Regulatory, Solvency II | European Union, United Kingdom

As reported here – CEIOPS Meeting Discusses Draft Advice to European Commission on Key Solvency II Issues], the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has now released it’s Consultation Papers of Draft Advice on Aspects of the Framework Directive Proposal related to Proportionality and on Insurance Groups.

EU: CEIOPS Meeting Discusses Draft Advice to European Commission on Key Solvency II Issues

Feb 22, 2008 | Regulatory, Solvency II | European Union

A members’ meeting of the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) recently discussed two important Solvency II project’s draft Advices to the European Commission.

AIRMIC Welcomes Softened EC Stance on Subscription Market

Feb 13, 2008 | Regulatory | European Union, United Kingdom

The Association of Insurers and Risk Managers (AIRMIC) has indicated that the EC has softened its position on the London subscription market following the recent Commission Inquiry into business insurance.

EU: Solvency II and the European Commission’s Policy Priorities for the Insurance Sector

Feb 12, 2008 | Regulatory, Solvency II | European Union

Charlie McCreevy, European Commissioner for Internal Market and Services, recently gave a speech at the Insurance Institute of London about the European Commission’s policy priorities for the insurance sector. Solvency II is currently the key project and will remain so until its transposition, which is intended to take place in 2012.

UK/EU: Comité Européen des Assurances (CEA) Calls for Extra Scrutiny of Solvency II

Jan 31, 2008 | Regulatory, Solvency II | European Union, United Kingdom

The CEA, the representative organisation for European insurers and reinsurers has called for further impact analysis of Europe’s insurance regulation standard Solvency II. The CEA announced at the European Commission public hearing that the latest qualitative impact study (QIS4) on Solvency II needs to align more closely with the framework directive published in July 2007.

EU/UK: European Commission: Competition in Business Insurance Inquiry: Responses Prepared by Insurance Bodies

Jan 17, 2008 | Lloyd's, Regulatory | European Union, United Kingdom

The much awaited European Commission’s (EC) final report into business insurance was published in September 2007 (click here for a link to the December 20, 2007 blog entry on the EAPD workshop into the competition inquiry). The report urged the market to review its practices and recent statements by EC officials (speaking in a personal capacity at a web-seminar) suggested that the subscription market had months rather than years to carry out reviews and amend its current practices to avoid enforcement action.

Report Published on Insurance Guarantee Schemes in the European Union

Jan 15, 2008 | Industry Developments, Insolvency, Restructuring and Run-Off, Regulatory | European Union, United Kingdom

On 7 January 2008 the European Commission made public a report it had commissioned on Insurance Guarantee Schemes (IGS) in the European Union. IGSs provide last-resort protection for policyholders in situations where insurers are unable to provide cover, usually due to their insolvency. They are commonly financed from levies on the insurance industry.

A New Beginning for InsureReinsure.com

Jan 1, 2008 | Industry Developments | Bermuda, European Union, Hong Kong, United Kingdom, United States

Today marks a new beginning at InsureReinsure.com and we want to welcome all of our new readers to this Blog.

Lloyd’s Insures Against Grinch

Dec 27, 2007 | Industry Developments, Lloyd's | Bermuda, European Union, Hong Kong, United Kingdom, United States

Lloyd’s recently issued a press release that it has begun offering a new type of cover – an event cancellation policy that will indemnify insureds for their losses if Christmas is cancelled, postponed, interrupted, curtailed or relocated due to the Grinch’s actions.

Jurisdiction: European Union

Commission Issues Amended Proposal to the Solvency II Proposal

EU: CEIOPS Releases Two Solvency II Consultation Papers

EU: CEIOPS Meeting Discusses Draft Advice to European Commission on Key Solvency II Issues

AIRMIC Welcomes Softened EC Stance on Subscription Market

EU: Solvency II and the European Commission’s Policy Priorities for the Insurance Sector

UK/EU: Comité Européen des Assurances (CEA) Calls for Extra Scrutiny of Solvency II

EU/UK: European Commission: Competition in Business Insurance Inquiry: Responses Prepared by Insurance Bodies

Report Published on Insurance Guarantee Schemes in the European Union

A New Beginning for InsureReinsure.com

Lloyd’s Insures Against Grinch

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