There have been significant recent European developments regarding the Solvency II Directive.
Since Solvency II's implementation will most likely be postponed to 1 January 2016, the Dutch Ministry of Finance has recently taken steps towards creating a more risk-oriented regulatory regime for insurance companies. These new rules are expected to come into force on 1 January 2014.
Our Solvency II Update addresses these developments. On a national level, the Dutch Ministry of Finance has taken steps towards creating a more risk-oriented regulatory framework for insurance companies, anticipating Solvency II's entry into force. We have discussed this new framework in a separate Legal Alert.