The Omnibus II deal may have been done, but tough negotiations remain


After months of heated negotiations, stand-offs, drafts and re-drafts, European policy-makers have at last reached an agreement on a final text for Omnibus II, the directive that amends Solvency II. You could almost hear the collective sigh of relief from the insurance industry.

The deal is significant for a number of reasons: first there has been an agreement on the package of measures for insurance contracts with long-term guarantees – an issue that has held up the process of finalising

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