Insurers' Solvency II programmes unrealistic, suggests PwC survey
Insurers' over-confidence about their Solvency II preparations could mean a last-minute rush to the finish line, according to a PwC survey
Insurers currently in the preparatory phases of the Solvency II implementation process could be overly confident in their ability to meet the 2013 deadline, according to the results of a Pricewaterhouse Coopers (PwC) survey published at the end of 2010.
Of the 115 European insurers participating in the survey, 74% said they were confident they would meet the deadline, although less than 50% are halfway through their project's completion and more than 10% have yet to launch a Solvency II
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