Chief executives from a number of leading European insurers that form the Pan-European Insurance Forum (PEIF) published a paper called Insurance View: Regulatory Consequences of Financial Crisis.

The report presents the main key points on the financial turmoil and its regulatory consequences.    "Stakeholders reacting to the financial crisis need to take into account that the business model of the insurance industry differs substantially from that of the other financial services providers," said Henri de Castries, PEIF Chairman. "Insurers do not generate the kind of systemic risk that arises in banking".

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