EU elections could derail Solvency II development, warn insurers
Solvency II must be completed this parliamentary term, insists Econ chair Sharon Bowles
Insurers are urging European lawmakers to set out a clear timetable for the introduction of Solvency II amid fears that the 2014 European elections could waylay the legislative process.
There is growing speculation that Solvency II will be delayed by up to two years given the failure of the European Parliament and the Council of the European Union to reach agreement on the regime's treatment of products with long-term guarantees.
Gabriel Bernardino, chairman of the European Insurance and
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