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Greek insurers clear solvency test

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Greek insurers have passed the first European solvency test, with a solvency rate well above 100%, based on the new capital regulations known as Solvency II, Ekathimerini.com reported. All local insurers made the cut for the solvency test. "It confirms that the insurance market has taken serious steps in recent years to adjust to the new system," said Dimitris Mazarakis, president of the Hellenic Association of Insurance Companies.

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