Reporting and fragmentation worry as insurers grapple with Solvency II interim guidelines

Race to the beginning

Europe map

This time last year, many European insurers were scaling back their Solvency II programmes, as the tortuous political negotiations in Europe threatened to delay – or possibly even derail – the new regime.

Fast-forward a year and the situation today could not be more different. With an agreement reached on the draft text of the Omnibus II directive, the Solvency II project looks to be back on track. And insurers have not just been rebooting their programmes, they are entering a race against the c