Even though the financial markets have developed in the last decade, new requirements became strictly needed in order to create a common ground for the national markets and in the same time to enhance the development of the global market. If the authorities in fields began their activities as simple regulators, their role included also a new scope – the one of monitoring the relationship between the suppliers of products and services and the customers. Such a development can be noticed in insurance industry, all over the world, especially in the European territory, starting with the Solvency II project that intends to offer sounder financial stability for the insurance companies and higher transparency towards the clients and the supervisors.

prudential, solvency, supervision