Salvatore Rossi: Solvency II and small and medium-sized insurers

Welcome address by Mr Salvatore Rossi, Senior Deputy Governor of the Bank of Italy and President of the Italian Insurance Supervisory Authority (IVASS), at the 2nd IVASS Conference "Solvency II and small and medium-sized insurers", Rome, 3 March 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Ladies and gentlemen,

I am delighted to welcome you all to this Conference.

I want to thank Gabriel Bernardino, President of the European Insurance and Occupational Pensions Authority (EIOPA), and all the other panelists, for kindly accepting our invitation.

This is the second conference we hold in IVASS on Solvency II. This time we decided to focus on a specific topic, the effects of the new prudential framework on small and medium-sized insurers - SMIs from now on.