Timing is everything: Solvency II implementation timings

 

If agreement is not reached soon on the completion of the Level 1 text, delays will impact on the likelihood of Solvency II becoming effective on 1 January 2014. Stakeholders are keen for consensus to be reached in time for the Parliament vote in October in order to keep timings on track.
Paul Clarke (Global Solvency II leader) and Jim Bichard (UK Insurance Regulatory leader) discuss the process and the impact on the insurance industry.