Perspectives
Date
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Solvency II, the European Union (EU) directive, is all set to review and revise the overall approach to regulating insurance companies in the European market
Most US insurers will face its impact, since they have to implement a lot of changes – from transformation of IT systems to revamping the culture of the company
The opinion on whether US should adopt a Solvency II-like regulatory framework is divided. Some from the US insurance fraternity feel that an exact replica of Solvency II is not required
Whether US regulatory changes will align completely with Solvency II or will be driven towards attaining 'equivalence' with Solvency II remains to be seen
Europe and US – The two biggest insurance markets in the world have felt the ripples of the past economic crises and breakdown of financial markets. Policymakers and governments the world-over, are looking at large-scale changes in regulations and policy make-overs to bring respite to businesses and investors from making crippling losses. While Europe braces up for the Solvency II regime, read this white paper for insights on how will these regulations play out for the U.S. insurance industry.
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Insurance
25 November 2021
Governance, Risk and Compliance
26 November 2021
15 November 2021