CEPS points the way on Solvency II

This year will be instrumental in the development of the Solvency II project but with so much uncertainty, a report from the Centre for European Policy Studies (CEPS) helps to break the issues down and comes up with some useful recommendations for the European Commission as it prepares to publish a framework directive in October 2007.

CEPS says that the “current solvency Directive can and should be improved” and while it acknowledges that the need for a risk-sensitive approach is widely recognised within the industry, the real challenge will come from finding consensus on the detail of Solvency II.