Commission targets January start for long-term guarantees assessment

Commission targets January start for long-term guarantees assessment

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The European Commission is pushing for the impact assessment on the effect of Solvency II on long-term guarantee business to begin by the end of January. The commission is understood to have drawn up a new timeline for the impact assessment that would target political agreement on the terms of reference by the middle of December, with the assessment beginning no later than the end of January. There appears to be little optimism among insurers that an agreement will be reached between the Coun