EU insurers are caught in a tussle about the future framework of their sector.
On the one hand, a review due in 2021 could merely see a few add-ons and tweaks to account for low-interest rates. On the other, it could mean a wholesale shift towards the sector being directly regulated from Brussels.
Doves at the European Insurance and Occupational Pensions Authority say they want to see only incremental changes in the sector’s governance: a philosophy borne out by two relatively narrow proposals issued on July 12.
EU insurers may face shake-up against watchdog's will
21 August 2019 9:46pm