Insurers' Solvency II programmes unrealistic, suggests PwC survey

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Insurers currently in the preparatory phases of the Solvency II implementation process could be overly confident in their ability to meet the 2013 deadline, according to the results of a Pricewaterhouse Coopers (PwC) survey published at the end of 2010.

Of the 115 European insurers participating in the survey, 74% said they were confident they would meet the deadline, although less than 50% are halfway through their project's completion and more than 10% have yet to launch a Solvency II programm