Abstract
Current insurance regulations in Europe are detailed and differ between life and nonlife insurance companies. These regulations are the results of a lengthy process that began in the late 1950s.1 The stimulus for harmonized requirements for insurance companies across Europe was provided by the Treaty of Rome,2 which established the European Economic Community (EEC), now the European Union (EU). Article 2 of the Treaty of Rome laid out the goals for a common market and an economic and monetary union. This process first required the granting of the freedom and right for an establishment to set up an agency or branch in another Member State.3
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© 2010 Cecelia Kempler, Michel Flamée, Charles Yang, and Paul Windels
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Sharma, P., Cadoni, P. (2010). Solvency II: A New Regulatory Frontier. In: Kempler, C., Flamée, M., Yang, C., Windels, P. (eds) Global Perspectives on Insurance Today. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230117372_5
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DOI: https://doi.org/10.1057/9780230117372_5
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