Should Solvency II become the international standard?

Solvency II is most likely due to come into force for the European insurance industry in 2014. Talks are already being held as to how regulation in some non-EU states could be made compatible with Solvency II. The European regulations could actually become the new international standard.

Should Solvency II become the international standard? Please select the response that most accurately reflects your opinion.

Definitely. There are too many differences in supervisory law around the world. The financial crisis has shown just how much we need global regulation.
If we are going to have regulations, then they should apply worldwide. Everything else just distorts competition.
No. Why should all countries adopt the European model? There are more suitable plans in place for a solvency regime in other markets.
Solvency II should not be introduced at all. Neither in Europe nor elsewhere.

What sector do you work in?

InsuranceOther

Disclaimer
Participation in the survey is anonymous. Your data will be used solely to evaluate the results and will not be stored. The survey is not representative. The results do not reflect the views of Munich Re.