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2020 review of Solvency II : keeping the regime fit for purpose

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      <subfield code="a">2020 review of Solvency II</subfield>
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      <subfield code="a">The insurance industry now uses a risk-based approach to assess and mitigate risks. It also has better aligned capital to the risks it runs. Insurers have significantly strengthened their governance models and their risk management capacity. The Solvency II framework is working well overall and indeed is a model which has been copied all over the world. EIOPA's overall approach to the review has been therefore one of evolution not revolution.</subfield>
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