CEA addresses group solvency concerns

The Comité Européen des Assurances (CEA) is throwing its weight behind proposals for a group support regime in insurance regulation and it has published a new document to address some of the concerns that have been raised since the publication of the Solvency II framework directive. Some member states have raised legal questions over the practicalities of the group support regime, in particular the jurisdiction of their national courts and how local subsidiaries will receive group support in practice.