Solving a Solvency II Dilemma
In July, the shape of the discussions around how to implement the Solvency II directive on capital adequacy and risk management for insurers changed considerably with a report published by the European Insurance and Occupational Pensions Authority (EIOPA), which confirms the Complementary Identification Code (CIC) will not be harmonized throughout all jurisdictions.
This sets up the distinct possibility that the industry will be confronted with a similar situation to what it now faces with the
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