Munich Re to Solvency II: Take 5

Munich Re backs five-year phase-in for Solvency II | Reuters.

Last week, CEIOPS hinted that S-II should be phased in, rather than have a big switch-over at 12/31/2011. Now Munich Re wants to up the ante.

Phase-in makes sense, as it feels to me like a lot of insurers were caught short with the technological and manpower requirements. This Accenture survey indicates that most insurers say it’ll cost more to implement S-II than they thought.

 

 

Advertisements
Tagged

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: