Insurer delay doubles readiness

Delaying Solvency II regulations for insurers by one year would more than double the number of firms ready for it, research from Ernst & Young suggested yesterday. In a poll of 160 large insurance companies across Europe, 43 per cent indicated they would not be ready for regulations in 2014 but 90 per cent said they would be ready by 2015. The UK and Netherlands are the best prepared for the implementation of the laws, with Germany and Italy behind.