Draft Solvency II Acts dilute aims of legislators warns Balbinot
The details of the Solvency II regime must be drafted correctly to ensure the legislation does not have negative consequences for insurers and their customers, Sergio Balbinot has warned.
Balbinot, president of trade body Insurance Europe, was responding to approval of the Omnibus II Directive, by the European Parliament yesterday, which updates the Solvency II Directive of 2009.
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