QIS 5 - Making political capital
“Just because something is proposed by Ceiops, the European Commission is not obliged to accept it. We will get the views of the stakeholders and make the decision.” The comments by Karel Van Hulle, head of insurance and pensions at the European Commission’s (EC) internal markets division, encapsulates the division faced by the European insurance industry as it gets ready for the fifth quantitative impact study (QIS 5).
While the EC is the driving force behind the directive, it is the Committee
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