Insurance Ireland wants smaller firms exempted from EU solvency rules to ‘strengthen’ sector

21st July, 2019

Insurance Ireland is pushing for more of its members to be exempted from landmark EU-wide regulations introduced in 2016 to strengthen the stability of the sector.

The insurance representative body has drawn up a discussion paper along with its Dutch counterpart calling for all insurers with gross written premium of less than €10 million to be exempted from the Solvency II regulatory framework.

Solvency II, which came into force in January 2016, set down new requirements...

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