Solvency II: A New Regulatory Frontier

Paul Sharma and Paolo Cadoni

Chapter Chapter 5 in Global Perspectives on Insurance Today, 2010, pp 53-67 from Palgrave Macmillan

Abstract: Abstract Current insurance regulations in Europe are detailed and differ between life and nonlife insurance companies. These regulations are the results of a lengthy process that began in the late 1950s.1 The stimulus for harmonized requirements for insurance companies across Europe was provided by the Treaty of Rome,2 which established the European Economic Community (EEC), now the European Union (EU). Article 2 of the Treaty of Rome laid out the goals for a common market and an economic and monetary union. This process first required the granting of the freedom and right for an establishment to set up an agency or branch in another Member State.3

Keywords: European Union; Capital Requirement; European Economic Community; Minimum Capital Requirement; Solvency Capital Requirement (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230117372_5

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