New look Solvency II rules clear final hurdle

After months of negotiation and debate, the Solvency II framework directive has been approved and the new rules are expected to go live in October 2012, in line with the original timetable and ruling out the possibility of any extra time for insurers’ preparations. A vote in the European Parliament in April cleared the path for the directive just weeks before it was feared that the elections in the second half of 2009 would delay the implementation of the new rules.