The European insurance industry is bracing itself for the most significant change to the regulatory and supervisory environment in living memory. Every insurance and reinsurance company operating in the European Economic Area (EEA) will be affected and there will also be implications for companies outside of the EEA.
Getting set for Solvency II outlines the findings of a survey looking at European insurers’ readiness for implementation. The findings are based on the responses of 115 companies to an online survey covering a range of topics including ambitions for Solvency II, critical success factors and progress against objectives. The survey aims to provide a benchmark against which insurers can compare their progress.