Letter from EIOPA to ECOFIN: Implications of insurers‘ failures to the protection of European policyholders - August 2021
24/08/2021 EIOPA Visiter le site source Télécharger au format PDFDear Mr Leão,
In its Opinion on the 2020 Review of
Solvency II, EIOPA proposes to introduce a European network of
national Insurance Guarantee Schemes (IGS) or
alternative mechanisms that should meet a minimum set of
harmonised features for the benefit of policyholders – thereby
ensuring compensation payments and/or continuation of
insurance policies – and financial stability as a whole.
At present, Member States choose their own approach towards
policyholder protection schemes, which can diverge quite
substantially.