KPMG welcomes Solvency II equivalence transitional measures
KPMG today welcomed the announcement by Karel van Hulle, head of insurance and pensions unit at the European Commission, of transitional measures under Solvency II’s equivalence, claiming the arrangements will be welcome news to insurance groups.
Equivalence relates to three areas of the Directive - the approach to worldwide group supervision, the treatment of reinsurance arrangements and (in certain circumstances) the treatment of non-EEA
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