Insurers criticise Eiopa’s SII review for failing to tackle proportionality

The European insurance industry has criticised advice published this week by the European Insurance and Occupational Pensions Authority (Eiopa) on the review of Solvency II, because it fails once again to insist that national supervisors properly apply the principle of proportionality. Insurance Europe, the Brussels-based group that represents the insurance sector, and the Association of Mutual Insurers and Insurance Cooperatives…

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