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Solvency II Survey 2010


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Solvency II Survey 2010

 

Background

Solvency II is a mandatory regulation that will affect all insurers and reinsurers in the EU when it comes into effect at the end of 2012.

Organisations are responding to the requirements of the Directive in a variety of ways. Our third annual Deloitte Solvency II Survey has been conducted on our behalf by the Economist Intelligent Unit (EIU), and focuses on these organisations' preparations for and current attitudes towards Solvency II. In the first quarter of 2010, the EIU surveyed 61 insurers operating in the UK.

Key findings

Findings suggest that whilst organisations are continuing to compile their budgets and train their staff, and thoughts are even turning to restructuring and relocating, there is still far to go in preparing for the new regulatory landscape.

Areas covered in this survey are:

  • Awareness and preparedness
  • Cost and resource
  • Business Impact
  • Implementing Solvency II
  • Stochastic modelling
  • Aligning Solvency II with other initiatives, and
  • Lobbying activity.

To view the results of this survey, please download the Solvency II Survey 2010 (PDF).

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