A risk-based regime for Europe
The Solvency II review, which is currently underway, needs to make a number of focused changes to address the limited number of flaws in the framework. The right improvements will lead to a better reflection of insurers’ real risk and, in aggregate, reduce the excessive capital, volatility and operational burden.
Insurance Europe is engaging with EU policymakers as the Solvency II review is a key opportunity to:
To achieve these aims, the review should focus on the following priorities:
For more details, please see Insurance Europe’s key messages on the Solvency II Review and Insurance Recovery & Resolution Directive (IRRD).