‘First wave’ countries on track for SII equivalence
Insurance regulators in Bermuda, Japan and Switzerland are largely on track to meet criteria under the upcoming Solvency II regime, according to the European Insurance and Occupational Pensions Authority (Eiopa).
The European insurance regulator added that all three countries need to make improvements in some areas.
Eiopa has been assessing the three regions for "equivalency" status under the Solvency II regulations, which would treat them as having met European standards under the upcoming regime.
The authority announced it is holding...
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