Skip to main content
Home
  • About us
    • Who we are
      • Our history
      • Our customers
      • Our brand
      • Art at Aegon
    • What we do
      • Our businesses
      • Our strategy
      • Integrated Annual Report
    • Governance
      • Executive Board
      • Management Board
      • Supervisory Board
      • Compliance
      • Governance documents
  • Investors
    • General
      • Analyst consensus
      • Annual reports
      • Financial calendar
      • Financial results
      • Aegon and IFRS 17
      • Aegon NL and a.s.r.
      • Presentations archive
    • Capital & liquidity
      • About debt programs
      • Debt program Aegon N.V.
      • Debt program Aegon Bank N.V.
      • Dividend
      • Ratings
      • Share buyback program
    • Shareholders & AGM
      • Annual General Meeting
      • Extraordinary General Meeting
      • Retail shareholders
      • Share price tool
      • Contact investor relations
  • Newsroom
    • News
      • News Updates
      • Press releases Aegon N.V.
      • Press releases Aegon Bank N.V.
    • Media relations
      • Contact media relations
      • Media kit
  • Sustainability
    • Focus themes
      • Climate change
      • Inclusion & diversity
    • Our approach
      • Ambition & governance
      • Commitments, ratings & recognition
      • Reports & policies library
    • Stakeholder value
      • Responsible investment
      • Responsible tax
      • Community investments
      • Government & policy affairs
      • Human rights
      • Responsible procurement
      • Customer experience
      • Engaged workforce
  • Careers
  • Aegon country websites

    Select another Aegon website from the list of links below.
    • country flag
      Aegon Poland
    • country flag
      Aegon Life (India)
    • country flag
      Transamerica (USA)
    • country flag
      Aegon Spain
    • country flag
      Mongeral Aegon (Brazil)
    • country flag
      Aegon Asset Management
    • country flag
      Aegon THTF (China)
    • country flag
      Aegon Romania
    • country flag
      Aegon United Kingdom
    • country flag
      Aegon The Netherlands
  • Filters
    Article Type

Aegon: proposed EU Solvency II Directive will strengthen Europe’s insurance industry

July 11, 2007, 2:00 CEST
2 minutes

Breadcrumb

  1. Press releases Aegon N.V.

"Solvency II will strengthen Europe's insurance industry by creating an environment that encourages sound risk management based on economic principles," said Jos Streppel, Chief Financial Officer and member of the Executive Board of Aegon N.V.

[node:field_featured_media:entity:field_media_image]

Aegon welcomes the publication of the European Commission's proposed new Solvency II framework directive. If adopted, Aegon believes this proposed directive would lead to the creation of one of the most advanced and effective solvency and supervisory systems in the world, strengthening the European insurance industry and enhancing its overall competitiveness.

"Solvency II will strengthen Europe's insurance industry by creating an environment that encourages sound risk management based on economic principles," said Jos Streppel, Chief Financial Officer and member of the Executive Board of Aegon N.V. "Solvency II will bring benefits to all the industry's stakeholders, particularly to its many millions of customers and policyholders. With this new proposed directive, Solvency II will also allow insurance companies to manage their capital more efficiently."

Aegon has long supported the Solvency II process and, in the months to come, will continue that support. Aegon believes Solvency II will ensure not only more effective risk and capital management but also clearer, more harmonized industry regulation and a more level playing field for Europe's insurers.

In particular, Aegon supports the European Commission's four key objectives:

  • To create a more genuinely integrated EU insurance market;
  • To enhance the protection of policyholders and beneficiaries;
  • To improve the international competitiveness of the EU insurance and reinsurance industry;
  • To promote better and more effective industry regulation.

Aegon believes this new proposed directive marks a further step toward an economic risk based approach to regulation and supervision, similar to the one the Group uses to manage its own businesses.

"A principles-based approach to solvency issues will lead to more efficient capital management and give Aegon credit for its strong risk management," said Tom Grondin, Aegon's Chief Risk Officer. "A system that rewards the management, mitigation and diversification of risks is in line with Aegon's own internal risk management framework."

 

Related Links

Print version (English)
PDF 65.25 KB
Print versie (Dutch)
PDF 51.09 KB
  • Global
  • Dutch

Contact

  • Media relations
  • Investor relations
  • About us
    • Who we are
    • What we do
    • Governance
    • Contact Aegon
  • Investors
    • General
    • Capital & liquidity
    • Shareholders & AGM
  • Newsroom
    • News
    • Media relations
  • Sustainability
    • Our focus themes
    • Our approach
    • Stakeholder value
  • Careers
    • Vacancy search
    • Working at Aegon
Site logo
  • Privacy statement
  • Cookie statement
  • Accessibility
  • Disclaimer
  • General terms and conditions
Aegon ©2023