Remuneration controls in Solvency II ‘unjustified’

Proposals to include measures relating to remuneration policy as part of the Solvency II directive have been slammed by French mutual insurer Groupama, which described the initiative as “unjustified interference in company management”.

The reaction came in the published responses to the Committee of European Insurance
and Occupational Pensions Supervisors’ (Ceiops) consultation paper CP59 on the subject, which calls for remuneration policy to be set across regulated insurers under risk-based

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