Capco: LVRG: Are German Insurers fit enough for the regulatory marathon?
Until recently, insurance companies have escaped the scrutiny of global regulators, while banks carried the burden for the 2008 financial crisis, adapting to a torrent of reforms.
Now compliance is catching up with the insurance industry. The EU Solvency II directive is an early milestone and probably the first of many.
In step with global regulatory efforts, German authorities are anxious to implement German market-specific regulations. The latest example here is LVRG
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