Insurance groups call for changes to Solvency II directive

Attempts to create a united front among insurers over the framework for the Solvency II process have received a setback when the German Insurance Association (GDV) failed to support a submission to the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) by two leading industry bodies.

The absence of Europe's second largest insurance market left a major hole in the argument of the Chief Risk Officer (CRO) Forum and the European Insurance Association (CEA) that the So