IAIS welcomes Solvency II proposal

10 July 2007

The IAIS welcomed the publication of the Solvency II proposal underlining that this is a way to achieving a global level playing field.

“The IAIS expects that the new supervisory scheme will provide useful input to IAIS solvency initiatives”, Michel Flamée, Chair of the IAIS Executive Committee, said. “This in turn will provide input to developing the IAIS solvency framework that promotes global financial stability”, he continued.

The IAIS is interested in examining the way in which Solvency II fosters the measures necessary for addressing complex financial structures and groups. Of special interest are those measures that take into account the importance of adequate supervision of small and medium-sized insurance companies.

Press release

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