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SolvencyII: A High Level Overview [3]

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Bullet points include: EU Directive, Level 1, 2, 3 and 4 Measures. “Modern, risk-based, transparent and liberal” framework. Refined pan-European supervisory frameworks. Significant commitment of effort by insurance companies across EU. Changes span many different aspects of business activity. Some involve natural evolution of shifts FSA has already commenced. Details are still work in progress: E.g. Re-calibrations, dampeners etc. in light of recent financial crisis

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