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FT Adviser, 13th October 2011: Insurers need to focus despite Solvency II delay

Speaking after the FSA and the Association of British Insurers announced they expected a delay of a year for the requirements, George Crooks, business analyst for Wolters Kluwer, said the time would pass quickly.
He said: “Those insurance companies who have not started the process can see this as an opportunity to consider how they will tackle the regime, whether they internalise the process or consult with external specialists to avoid high capital requirements and capital add-ons. That said, a year will pass quickly so, while this announcement has expanded timelines, insurance firms still need to keep Solvency II front of mind.”

Read the full article here courtesy of FT Adviser »