Officials From Across The Pond Ponder Reserve Requirements

European Commission regulators hope to release a draft of European insurance company solvency standards by July 2007.

Speakers talked about the European solvency project here at the spring meeting of the National Association of Insurance Commissioners, Kansas City, Mo.

NAIC President Alessandro Iuppa, the Maine insurance superintendent, says he wants to make NAIC participation in international insurance regulation efforts one of his priorities during his term in office.

Karel Van Hulle, head of insurance and pensions-financial institutions with the European Commission, said Europeans are trying to reduce excess capital requirements by shifting toward use of modern risk-assessment techniques.