NAIC chief optimistic on US equivalence with Solvency II
Work plan being developed with NAIC as European regulators seek 'different approach' to equivalence
The chief executive of the National Association of Insurance Commissioners (NAIC) has expressed optimism that a solution can be found to the issue of the equivalence of the US with Europe's Solvency II regime.
The comments from the US regulatory body came as work begins with European regulators on defining a plan for achieving equivalence by the US, which has to date been a challenging issue. It follows a statement from the European Commission that a "different approach" was needed for assessing
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