Ceiops advances lead supervisor concept

Ceiops has published a protocol framework for lead supervisors of insurance groups that it says should pave the way for all cross-border insurance groups to operate the concept. The lead supervisor approach was expected to become a key feature of Solvency II but Ceiops said it wanted to improve the efficiency of group supervision ahead of the new directive and added that co-ordination committees “should now be in a position to appoint a lead supervisor for each cross-border insurance group”.