European Commission launches solvency analysis project

The European Commission is preparing to undertake an impact assessment of Solvency II implementing measures in 2009. In an open call for tender, the European Commission said it specifically wants the assessment to look at the issues of mass risks (including motor and household insurance), health insurance, long-term savings, commercial insurance and reinsurance, and administrative costs on insurers and reinsurers within the context of the Solvency II project.