Concessions on Solvency II equivalence not followed through in level 2 proposals

Canadian flag
European insurers with Canadian subsidiaries hope to use the D&A method

The European Commission is under pressure to relax further Solvency II rules on the methods for calculating group solvency for European insurers seeking to benefit from third-country equivalence.

Insurers claim that amendments on equivalence and provisional equivalence in the draft Omnibus II directive are not being followed through in the commission's latest draft level 2 text.

They argue that the level 2 text places obstacles in the way of firms seeking to apply the so-called deduction and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here