Seeking Solvency II Surety

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Susan Wright, Investment Management Association

Following a period of uncertainty in 2013, the decision of the European Parliament in March to adopt the Omnibus II directive has put Solvency II, the European Union directive on capital adequacy and risk management for insurers, back on the agenda.

With implementation set for January 1, 2016, insurance firms must now seek approval for the internal models they will use to calculate their capital, and asset managers and third-party administrators (TPAs), such as security services providers, must

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