The road to US Solvency II equivalence will be a difficult one

The long, hard road

Uphill runner

As the world’s second largest insurance market, the US should be enjoying a soft ride when it comes to Solvency II equivalence, particularly as it possesses a developing risk-based solvency regime that would see it become a highly suitable candidate for the process. But the road to equivalence may be a bumpy one for the US.

Following a number of years of cold relations between the US and the European Union (EU), observers say the financial crisis has ‘broken the ice’ between the two parties. Yet