Less than 50% of insurers think industry will meet Solvency II deadline, survey finds
Only 46% of insurers - a decline from 63% from a poll 12 months earlier - are confident the industry will meet the 2013 deadline for the implementation of the Solvency II directive, according to a survey by the Economist Intelligence Unit on behalf of consultancy Deloitte.
A key reason for this pessimism may be the survey's figures on how many firms actually have a dedicated Solvency II team in place.
According to the survey, 40% of insurers have 40% or less of their dedicated Solvency II team
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