Insurers prepare for change

As the European Commission gears up to publish a draft of the Solvency II directive with a view to submitting the proposal to the European Parliament in July 2007, we take a look at what the experts are expecting from the project.

Solvency II is being billed as the most significant revelation in insurance regulation in recent history. With such pressure, we take a step back and look at what the experts are saying about the project: are insurers ready for the change and what are the implications of such reform?