1. The Supervision Regime -
Proportionality -
The supervision regime is built on the principle of “proportionality,” in an effort to ensure that supervision remains effective and meets its underlying purposes without being overly burdensome. The key obligation with respect to proportionality requires that the provisions of the Solvency II Directive are applied in a manner that is proportionate to the nature, scale and complexity of the risks inherent in the business of a (re)insurance undertaking.
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