UK among most SII ready but Pillar 3 presents 'major challenge'

European Union red tape

Nearly 80% of European insurers expect to meet Solvency II requirements before January 2016 with Dutch, UK and Nordic firms outstripping their French, German, Greek and Eastern European counterparts in terms of readiness.

This is according to EY's European Solvency II Survey 2014, which polled 170 insurance companies, in 20 European countries in autumn 2013.

The survey found a high state of readiness to implement the

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Regulator delays general insurance stress test

The Prudential Regulation Authority has postponed the dynamic general insurance stress test launch as switching from Solvency II to Solvency UK reporting requirements mean providers have enough on their plate in 2025.

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