The National Association of Insurance Commissioners and theUnited States insurance regulatory community are committed toworking closely with Europeans on the Solvency II project, saidNAIC President Alessandro Iuppa.
He addressed delegates at a European Commission hearing inBrussels yesterday on global solvency issues. Mr. Iuppa's keynotespeech, part of a public hearing on Solvency II, was attended bykey stakeholders in the European insurance community.
Solvency II is a major project to develop a regime of insurancesolvency that will work throughout Europe. In 2004, 10 new membercountries were added, according to the organization.
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