Uniformity Vs. Autonomy In Insurance Regulation: Part 2

Law360, New York (February 9, 2017, 11:55 AM EST) -- Nicole M. Zayac

David F. Hauge This is the second part of a two-part series. Read the first part of this article here.

Significant Insurance Regulatory Developments in the EU

Solvency II

On Jan. 1, 2016, Solvency II fully took effect in the EU. Solvency II is a directive (2009/138/EC) under EU law that provides for a harmonized EU-wide risk-based insurance regulatory regime that has been implemented in all 28 member states. Full implementation of Solvency II changed the nature of requirements for doing business in the EU for insurers and reinsurers from countries that are not part of the EU...

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