Ferma call on member participation for Solvency II implementation
The Federation of European Risk Management Associations (Ferma) has called on its member associations to play an active role in developing the detail of Europe’s new prudential regime for insurers, Solvency II, so that captive insurance companies are treated appropriately.
Ferma said the national risk management associations and their members should take part in the official study on the quantitative implications of the Solvency II Framework Directive now underway by the Committee of European Insurance and Occupational Pensions Supervisors (Ceiops).
It also suggested they press captive managers to do so, too. Executive board member Thierry Van Santen has been leading Ferma’s discussions with the European Commission and other organisations involved, such as the
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