Bridging the gap: Solvency II phase-in troubles insurers

Proposed interim measures hope to bring some regulatory consistency across Europe in the period prior to Solvency II’s eventual implementation, but supervisors are still seeking their own solutions, while insurers warn that any interim measures must not go too far. Blake Evans-Pritchard reports

Frustration over the delayed implementation of Solvency II is at an all-time high among European insurers. Companies have spent countless amounts of time and money getting ready for the European Union’s (EU) much-touted capital adequacy regime, only to find that what they thought they were preparing for has turned into something altogether different.Not only that, but continued disagreement between member states over how solvency capital should be calculated means the introduction of a truly