Lloyd’s plans Solvency II test for 2011

Lloyd’s has said it will conduct a Solvency II test for market participants ahead of the introduction of the new regime, currently pencilled in for October 2012. In its report for the next three years 2009-2011 and annual plan for 2009, Lloyd’s said it will conduct a Solvency II “soft test” on the 2011 year of account. Lloyd’s said it is working with the market to ensure that it is ready for the implementation of the new rules and added that “increased market engagement on the detail of Solvency II is a key priority”.