Briefly noted

▪ Two in five UK life insurers are not actively engaged in the Solvency II project, according to research from Watson Wyatt. Firms said they were “waiting for requirements to take better shape” before making substantial preparations for the change. “We are aware that many other companies are holding back from initiating economic capital or Solvency II projects”, said Mark Chaplin, global head of risk and value management services at Watson Wyatt, adding: “Delaying key preparation work runs the real risk of nasty surprises later in the process and may put companies at a competitive disadvantage to those taking earlier action”.