Directive on the equivalence of the solvency regime for insurance and reinsurance undertakings in force in Japan to the regime laid down in Directive 2009/138/EC of the European Parliament and of the Council

This procedure assesses whether Japan's rules for insurance and reinsurance companies' financial health are as strong as the EU's. If deemed equivalent, it simplifies operations for Japanese insurers in the EU market.

This decision affects insurance and reinsurance companies operating in both Japan and the EU. It aims to ensure consistent financial supervision and protect policyholders across both jurisdictions.