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Tag: insurance

EU insurers pass financial stress tests - 18 March 2010 - News

Europe's insurers are able to withstand even a major financial crisis, an EU insurance watchdog has said, boosting industry hopes for less burdensome regulation.

EU assembly adopts rules to cut insurance risks - 23 April 2009 - News

The European Parliament adopted new rules yesterday (22 April) to cut risk in the insurance sector and better protect policyholders.

EU nears final deal on insurance reform - 26 March 2009 - News

The European Union is edging closer to a final deal to streamline regulation in the EU insurance sector and make the bloc's multi-trillion market safer and more efficient, said EU officials yesterday (25 March).

Equitable Life compensation call gets huge Parliament backing - 20 June 2007 - News

The European Parliament plenary has resoundingly backed the calls made by its Committee of Inquiry into Equitable Life for the UK government to compensate victims of the company's near-collapse and for wide-ranging changes to be made in the drafting and implementation of EU financial services legislation.

UK rebuffed over Equitable Life scandal - 09 May 2007 - News

A special European Parliament inquiry committee urged the UK to compensate victims of the Equitable Life scandal, which incurred major financial losses for more than a million people. MEPs also said that the EU should put the necessary regulation in place to prevent such cases in the future.

Parliament endorses Equitable Life probe - 20 January 2006 - News

The full European Parliament, sitting in Strasbourg, has approved the setting up of a committee of enquiry into the UK insurance company Equitable Life.

EP to enquire into Equitable Life - 13 January 2006 - News

The European Parliament is to set up a special committee of enquiry into Equitable Life, the UK-based insurance company whose near-collapse in 2000 led to major financial losses for millions of policy-holders in the UK and other EU countries.

Insufficient insurance against terrorism, warns OECD - 07 July 2005 - News

The Organisation for Economic Co-operation and Development (OECD) has published a report warning of a significant lack of insurance to cope with future terrorist attacks.

Retail banking and insurance under EU microscope - 14 June 2005 - News

The Commission is to carry out in-depth examinations of the retail banking and business insurance sectors to uncover possible breaches of competition rules.

Financiers facing up to climate change risks - 03 June 2005 - News

The insurance and investment industry has woken up to the implications of climate change over the past few years, recognising the huge impact it could have on the world financial market. This article looks at the pressing issues, the reaction of the EU and what is being done.

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