About: insolvency
Insurers and EU institutions discuss options for pandemic coverage
The European Commission, insurance regulator EIOPA, and the industry have started discussing options to better ensure the protection of businesses affected by the COVID-19 pandemic, as the withdrawal of state support measures is expected to reveal the real damage caused by the crisis in the private sector.
EU pushes for convergence of insolvency rules to support recovery
The European Commission is preparing a series of proposals to drive the capital markets union to facilitate the recovery from the COVID-19 pandemic. One of the most difficult battles will be reducing the differences between national insolvency frameworks.
OECD calls on members to speed up reforms, focus on innovation
In its annual growth report, the OECD painted a gloomy picture: rising inequalities, slowing growth and strong headwinds for the global market economy, notably because of trade wars. EURACTIV Germany summarised the OECD's recommendations for Europe.
Cyprus insurer’s bankruptcy sends shockwaves through Bulgaria
The liquidation of Cyprus’ Olympic Insurance, largely unnoticed on the island, is sending shockwaves through Bulgaria as it has left almost 200,000 policyholders with no coverage, causing a serious political crisis.