consolidation in the insurance sector due to recognition of geographic diversification effects in Solvency II's standard formula …The European insurance industry is awaiting the new EU-wide harmonized Solvency II framework. Before its introduction …. This paper studies whether the new European regulation standards will constitute a driver for M&As in the non …

and hence a reduced risk exposure. However, planned Solvency III may cause the EPEF of highly capitalized insurance … second question, concerning the appropriateness of the uniformity of solvency regulation directed at banks and insurers …