Consultants welcome 'clear deadline' on Solvency II

Euro sign outside the European Central Bank in Frankfurt

The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.

The European Commission yesterday proposed pushing the regulations to the 1 January 2016 in response to ongoing "trilogue" talks between the Commission, the EU Parliament and the EU Council on Omnibus

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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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