Connect to share and comment

Watchdog warns EU not to water down insurance rules

By Huw Jones LONDON (Reuters) - The European Union's top insurance regulator warned the bloc's member states on Monday not to dilute rules forcing the sector to hold enough capital and protect policyholders. Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (EIOPA) said it was a matter of urgency to finalize the rules known as Solvency II.

Insurers, regulators at odds on bid to break capital rule deadlock

By Jonathan Gould and Huw Jones FRANKFURT/LONDON (Reuters) - European insurance regulators remained at odds with the industry on Monday after proposals last week on how to supervise the long-term risks associated with life insurance products offering lengthy guarantees.

Insurance watchdog prepares EU for new rules on risk

FRANKFURT (Reuters) - The EU's insurance watchdog on Wednesday took action to prepare insurance companies and their national regulators for new rules that will bring sweeping changes to the industry's risk and capital management. The European Insurance and Occupational Pensions Authority (EIOPA) issued draft guidelines covering insurers' system of governance, risk assessments, reporting procedures and the process for getting individual capital models approved by regulators.

UK regulator slams cost of Europe's new insurance rules

By Sarah Mortimer LONDON, Feb 7 (Reuters) - A senior official at Britain's financial watchdog said the "shocking cost" of Europe's new solvency regulations could not be justified, given that they are expected to total billions of pounds to implement.
Syndicate content