Omnibus II delays full benefits of Solvency II
The lengthy transition to the new Solvency II regulatory regime for European insurers, signalled by the European Commission's Omnibus II Directive, will delay the full benefits of Solvency II, according to Fitch Ratings.
However, the transition measures will smooth the changeover from the current Solvency I regime, giving insurers more time to adapt to the new rules.
Fitch said it maintains its view that while there
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