Insurers measure up for Solvency II transition

Europe’s largest insurance groups are on track for the introduction of Solvency II, according to a new survey by the CRO Forum, with 61% of firms estimating that it will take between one to two years to make their economic capital models compliant with Solvency II standards. In a study of internal models, the CRO Forum said most firms that participated in the survey plan to invest further in the run-up to the implementation of Solvency II, particularly in improving framework and infrastructure, including headcount for the project which is expected to peak in two years.