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

Solvency II is on its way to a rolling start after national supervisors pledged to adopt Eiopa’s interim guidelines as their own. Reporting requirements are the main concern for insurers, which are hastily rebooting their compliance programmes. But large pan-European groups are also alert to the implications of regulatory fragmentation in the run-up to full implementation of the rules in 2016.

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here