Convergence between the insurance and banking sectors is already reality. There has been a strong tendency to follow the blueprint of the banking supervisory framework Basle II when creating Solvency 2 for the European insurance and reinsurance industry. Although the current crisis made evident the weaknesses of the regime and some countries have concerns that their insurance sectors may not have sufficient capital to keep up with the schedule to introduce the new regime, it has been agreed to implement Solvency 2 until 2012.
KeywordsBanking Sector Hedge Fund Current Crisis Secure Investment Longevity Risk
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