Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-250-000"
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"en.20120703.18.2-250-000"2
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"This directive establishes a new and modern solvency regime for insurers and reinsurers in the European Union. It provides for an economic risk-based approach which provides incentives for insurance and reinsurance undertakings to properly measure and manage their risks. These new rules are essential in order to ensure a safe and solid insurance sector. The proposal to amend Directive 2009/138/EC ensures a smooth transition to the new regime. Given the very short time before the expiry of the previous regime and, hence, the need to avoid a legal vacuum, I voted in favour of the proposal."@en1
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