The Directive regarding the solvency of insurance companies, Solvency II, is to be applied starting January 1st, 2016. Sergej SIMONITI, Member of EIOPA's Management Board and Director of the Insurance Supervisory Agency, Slovenia, stated that he does not expect any more change of this date, and at present the companies in the field are passing through a preparation stage for the implementation of this directive.

"Romania is getting ready too," underlined Sergej SIMONITI.

He showed that EIOPA has already adopted regulatory guides regarding the implementation of Solvency II, which form and explain the implementation process for all the EU member countries. "I see the guides as an organized step towards the future," stated Sergej SIMONITI.

"The guides need to be addressed to the industry, not to the regulators. They show the industry what it needs to expect," added the EIOPA official.