Dutch, Irish Insurers Call For Fairer Application Of EU Rules
Law360, London (July 12, 2019, 3:09 PM BST) -- Dutch and Irish insurance associations have called on European Union lawmakers to raise the threshold of Europe’s tough capital regime for smaller insurers, proposing that firms be allowed to follow the rules proportionately depending on their size and risk exposure.
Insurance Ireland and the Dutch Association of Insurers recommended on Thursday that the European Commission only apply Solvency II, the EU’s rulebook on capital adequacy, to insurers that have an annual income from premiums of over €10 million ($11.25 million). This would raise the current €5 million threshold, in line with the commission’s own definition of small and midsized companies, the...
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