CEPS Task Force Report:
The Future of Insurance Regulation and Supervision in the EU: New Developments, New Challenges
Authors: Rym Ayadi & Christopher O’Brien
This report, written by CEPS Research Fellow Rym Ayadi and Christopher O’Brien, Director, Centre for Risk and Insurance Studies at Nottingham University Business School, provides an overview of the developments and challenges facing insurance companies and their regulators in Europe and presents the findings and recommendations of the members of the Task Force. It explains the weaknesses of the obsolete regulatory and supervisory framework and examines the state of play of the ‘Solvency II’ project that will replace it. The report also discusses the role of international insurance regulators and the links with the accounting rules and presents case studies of the Swiss and British experiences in adopting a market-consistent valuation of assets and liabilities to learn if there are lessons to be applied at the EU level.
2nd meeting: 12 Feb 2004
3rd meeting: 8 Nov 2004
4th meeting: 18 Apr 2005