New EU Deal Paves Way For Insurance Regulatory Reforms

Law360, New York (November 14, 2013, 5:36 PM EST) -- European policymakers said Thursday they had struck a breakthrough deal that will allow Solvency II, a long-stalled overhaul of insurance regulation in the European Union, to take effect at the beginning of 2016.

The informal agreement between the EU Council, European Parliament and the European Commission marks a turning point in implementing Solvency II rules, reforms that are 13 years in the making, according to Parliament.

Officials reached an agreement on how much capital insurers should hold on to as a buffer for long-term investments, called...
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