Bermuda faces challenges to Solvency II equivalence


Bermuda is only partly equivalent with Europe's Solvency II regime, while Japan and Switzerland meet the equivalence criteria but "with caveats", the European Insurance and Occupational Pensions Authority (Eiopa) said this week.

The findings were contained in Eiopa's final reports to the European Commission on the equivalence assessment of the Bermudan, Japanese and Swiss supervisory systems.

The equivalence assessment was set to ensure that the third country regulatory and supervisory regimes

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As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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