Europe: Almost ready won't wash with regulators on 1 January

If someone were to ask the question of whether insurers are ready for Solvency II, the answer would be, "almost". But this simple response doesn't fully express the extent of work still to be done as we approach the biggest regulatory change the industry has witnessed in decades.

At first glance, insurers have done a vast amount of work in relation to the new rules. They have spent millions of pounds on producing models to help them cope with the new reporting structure and