US EditionDgv Calls for Proportionality in Irrd
Summary by Herbert Frommes Versicherungsmonitor
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The Versamtverband der Deutschen Versicherungswirtschaft (GDV) warns against excessive burdens from the planned Insurance Recovery and Resolution Directive (IRRD) of the European Union, which is intended to regulate, among other things, insolvencies of insurers. A "proportional, risk-oriented and unbureaucratic approach" is necessary, the GDV demands in a statement. The European Insurance Authority Eiopa had recently launched two consultations o…
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