In 2011, Europe's Insurance Market Will Have to Deal With a Host of Changes in Supervision

With the launch of the new year, Europe's insurance industry will be thinking a lot about regulation as governments prepare for some significant changes.

Among the most significant of changes this year may be the revamping of the U.K. financial regulatory system and European Union-wide preparations for Solvency II.

Solvency II, slated to go into effect in two years in the European Union, will top the agenda for many in the industry. Throughout 2010, debate over the impact of the solvency directive gained momentum as results from the fifth round of impact studies -- Quantitative Impact Study 5 -- began to emerge.

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