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Solvency II: A New Regulatory Frontier

In: Global Perspectives on Insurance Today

Author

Listed:
  • Paul Sharma
  • Paolo Cadoni

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

Suggested Citation

  • Paul Sharma & Paolo Cadoni, 2010. "Solvency II: A New Regulatory Frontier," Palgrave Macmillan Books, in: Cecelia Kempler & Michel Flamée & Charles Yang & Paul Windels (ed.), Global Perspectives on Insurance Today, chapter 0, pages 53-67, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-11737-2_5
    DOI: 10.1057/9780230117372_5
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    Cited by:

    1. Sanan Mukhtarov & Martijn Schoute & Jacco L. Wielhouwer, 2022. "The information content of the Solvency II ratio relative to earnings," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(1), pages 237-266, March.

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