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04 April 2011

Insurers urged EU Commissioner to correct Solvency II implementing measures


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The CEA and three other pan-European insurance associations have urged Commissioner Barnier to ensure that the excessively conservative and prescriptive elements remaining in the draft implementing measures that will shape Solvency II are urgently addressed.


"It is absolutely imperative that changes are made," says the letter from the CEA, the Pan European Insurance Forum, the CFO Forum and the CRO Forum.

 
In the letter, the insurance industry stresses its full support for the principles set out in the Solvency II Framework Directive and its commitment to working with the European Commission and the European Insurance and Occupational Pensions Authority (EIOPA) to find solutions to the outstanding issues in the implementing measures.

 


© CEA - Comité Européen des Assurances


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