Q&A: Karel Van Hulle on Solvency II delays and the challenges ahead
Karel Van Hulle was instrumental in the introduction of the Solvency II Directive. He speaks to Insurance Risk about his views on the progress of the regime and what retirement holds for him
Karel Van Hulle stepped down as the European Commission’s head of insurance in February, but still has strong thoughts about the Solvency II project. Reflecting on the regulations he expresses discontent at the contrarians who have blocked the project, says the insurance industry is itself partly to blame and questions the European Union’s credibility in handling the process. And, says Van Hulle, if no agreement is to emerge, it would mean that the “negative forces… will have won”.
Insurance Risk
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