While it may be tempting for U.S.-based insurers to regard the European Commission’s Solvency II Directive as a strictly foreign affair, they do so at their peril, a new report from New York-based Deloitte  states.

Authored by Howard Mills, Chief Adviser to Deloitte’s Insurance practice, the report, "Solvency II from a U.S. Perspective," says the race toward a uniform global solvency framework is on.

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