Conclusion of Omnibus II negotiations paves way for application of Solvency II in 2016
Agreement on the details of the Omnibus II Directive, including the treatment of “long term guarantees” (LTG) was finally reached on 13 November between the trilogue parties (European Parliament, European Council and the European Commission). This agreement provides welcome certainty for clients and paves the way for the application of a consistent prudential framework for insurance regulation in Europe, from 1 January 2016. To read more about these developments please click below.
