A quarter of firms likely to miss Solvency II deadline

deadline

Most insurers expect to be ready for the reporting and disclosure requirements of Solvency II by the end of the year, however a significant minority will struggle to meet to deadline, a survey by financial adviser Grant Thornton has found.

The survey of senior insurance executive's views on Solvency II Pillar 3 requirements found that 77% of respondents expect their firm to be ready for Solvency II reporting and disclosure requirements

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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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