EU-US Insurance Dialogue Project Publishes Revised "Way Forward" Document

Since 2012, the US Federal Insurance Office ("FIO"), the European Commission ("EC"), the European Insurance and Occupational Pensions Authority ("EIOPA") and EU Member State national regulators have engaged in an insurance dialogue project to increase mutual understanding and enhance cooperation between the EU and the US. There are seven key areas that the Project Steering Committee ("the Committee") oversees, and in July 2014, an updated Way Forward document was published by the Committee giving recommendations in these areas—the first such document since December 2012, which takes into account developments since the previous document. This newWay Forward document incorporates the following updated objectives and recommendations: