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Introduction on insurance

In: EU Banking and Financial Regulation

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Abstract

European insurance originally consisted in a detailed set of rules covering insurers, reinsurers and intermediaries from both a solvency and conduct of business perspective. Insurers, reinsurers and intermediaries were however initially governed by distinct regimes. The global financial crisis put the scope and structure of European insurance and reinsurance regulation under greater scrutiny. The EU legislator therefore adopted the Solvency II 2009/138/EC Directive, applicable to both insurers and reinsurers, which sets out detailed rules to better regulate the industry.

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  • ., 2024. "Introduction on insurance," Chapters, in: EU Banking and Financial Regulation, chapter 44, pages 449-451, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21982_44
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035301959.00061
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    Law - Academic; Law - Professional;

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