Solvency II interim measures a 'win-win' for insurers and supervisors - Bernardino
Guidelines necessary to achieve convergence and improve quality of preparations, says Eiopa chairman
Interim guidelines for Solvency II will help insurance companies prepare for the new regime and improve consistency between member states, according to Gabriel Bernardino, the chairman of the European Insurance and Occupational Pensions Authority (Eiopa).
Eiopa is consulting on a package of interim guidelines that will require national supervisors to ensure that insurance companies implement elements of Solvency II ahead of the regime's full application, now unlikely to take place before 2016.
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