After several false starts Solvency II is back in the starting blocks with the finish line of 1 January 2016 now highly likely. This is both a significant development and a challenge for leaders in insurance businesses across Europe. Their role is to give their organisations clear focus and priorities, yet at the same time skilfully steer their businesses through the changing competitive landscape. The recent announcement by European politicians confirms the expected tight timelines for Solvency II compliance; the work required to get there in time and in the right shape will need to be weighed against other business priorities. You will have seen market commentary on the announcement over the last few days.
This short note highlights some of the key implications and explains how insurance company executives can prioritise the themes today.