NAIC Pledges Support for European Solvency Standard

National Association of Insurance Commissioners President Alessandro Iuppa, addressing delegates at the European Commission hearing in Brussels, Belgium on Wednesday, promised that NAIC and U.S. insurance regulators will work closely with their European colleagues to develop a regime of insurance solvency in the European Union. Iuppa was the keynote speaker at the European Commission meeting, which was organized by the Internal Market and Services Directorate General of the European Commission. He pledged NAIC's support for Solvency II, a program that will work throughout the European Un...