Abstract
Insurance is traditionally a regulated industry because of the insurance business’s peculiarities. Since the 2007-2008 financial crisis, however, insurance has been experiencing a level of regulation that is not comparable to the previous one in several respects. This chapter aims to identify the key drivers of the regulatory activity on insurance carried out by the European Union (EU). However, the chapter will take into account the transnational dimension of the sources of this regulation, the different binding authority of the rules issued by the EU, and the involvement of the stakeholders in the decision-making process, rather than focusing on the detailed contents of such a regulation.
| Original language | English |
|---|---|
| Title of host publication | Insurance Regulation in the European Union |
| Subtitle of host publication | Solvency II and Beyond |
| Publisher | Springer International Publishing |
| Pages | 5-29 |
| Number of pages | 25 |
| ISBN (Electronic) | 9783319612164 |
| ISBN (Print) | 9783319612157 |
| DOIs | |
| Publication status | Published - 1 Jan 2017 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 10 Reduced Inequalities
Keywords
- Better regulation
- Equivalence
- ESAs
- G-20
- Hard law
- IAIS
- Joint committee
- Joint forum
- Mifidization
- Regulation
- Soft law
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