Germany balks at EU regulations targeting the insurance industry

German insurance industry

Insurance industry shows unease over new risk management regulations The European Union is currently working to introduce new regulations to the insurance industry in an effort to moderate risk and exposure. These rules are meant to impose new risk management standards on large insurance companies in order to mitigate any problems that could be caused by future financial disasters. In Germany, these regulations are being met with resistance as the insurance industry balks at the deadlines imposed by the European Union concerning the implementation of these new regulations. German agency…

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European insurance industry sees major promise in the east

China insurance market news

European insurance industry sets sights on China Many sectors in the global insurance industry have been experiencing exceptional growth in recent years. For European insurance giants, Asia is becoming the most attractive market in the world. Prudential, the largest insurer in Europe, claims that the best investments that the insurance industry can make are in Asia. Prudential CEO Tidjane Thiam notes that China, in particular, is home to the fastest growing sector of the insurance industry, making the country very attractive to investors despite some of the restrictions imposed on…

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Insurance news announcement from Europe works to counterbalance low interest rate risk

europe insurance news industry

EU watchdog is now calling for a joint effort to help to counter the risks presented by the rates. The latest insurance news in the European Union includes a call from the insurance watchdog for a joint action among all of the national regulators for helping to counteract the negative impact that the low interest rates are having on the financial security of insurers. This will help those companies to be able to protect policyholders more effectively and at a lower cost. This topic has been making insurance news for…

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Spain may benefit from EU insurance plan

EU Insurance Plan

EU insurance plan could help Spain recover from financial troubles The European Union has been struggling to rein in on a dire financial crisis that has threatened the economic stability of several countries in the region. The governing body has turned to the insurance industry to aid in recovery and the mitigation of a future crisis and insurers has, thus far, proven to be a powerful ally in this endeavor. Several countries suffering from the effects of the financial crisis have benefited from the involvement of the insurance industry. Now, the European…

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European Commission plan rejected by Germany

European Commission

European Commission finds opposition to banking plan German lawmakers have rejected a proposal coming from the European Commission concerning the ongoing financial crisis enveloping Europe. The European Commission has been working to solve the issues caused by the financial crisis, but has made little headway. With the help of the insurance industry, however, some problems have been resolved. Some of the world’s largest insurance companies have agreed to provide coverage and issue bonds that will help countries recover from the financial crisis. Not all of the European Commission’s proposals have…

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EU insurance rules put on hold

EU insurance watchdog industry

Governing body announces EU insurance rules delayed The European Union has been struggling to solve the problems created by the ongoing financial crisis that has stricken the region. The governing body has turned to the global insurance industry for assistance, which has responded with providing the coverage needed to mitigate some of the aspects of the continuous crisis. Earlier this year, the EU introduced a new plan that would impose strict capital rules on insurers in some member countries as part of new regulations focused on the banking industry. It…

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Insurance industry backing financial integration in the European Union

EU Insurance Plan

EU continues to enact dramatic changes with the help of the insurance industry The ongoing financial crisis gripping Europe has been a subject of major concern around the world. The crisis has serious implications for the global economy, which could be severely impacted if the European Union cannot find a solution to the ongoing problem. The EU has turned to the global insurance industry, suggesting that insurance could be a way to solve the problems facing many of the countries facing economic troubles. In this case, insurance coverage is being…

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