Insurance companies across the EU have a set of rules from the EC to protect policy holding citizens and that they can survive a financial crisis. Solvency 2 rules are a standard framework for insurance companies offering products like; reinsurance, life, and no life insurance. The laws target the insurance sector in being transparent, competitive and comparability to promote better consumer reliability.
Solvency 2 was amended by the EC to remove obstructive channels for investments on long-term projects and infrastructure. The insurance firms are unwilling in insuring large infrastructure project, … Read more