Solvency II delay does not mean insurers can relax, says Montalvo
A delay to Solvency II implementation does not mean insurance firms can put preparations on hold, says Eiopa executive director
An anticipated year-long delay in Solvency II implementation should not be taken as a signal to put preparations on hold, according to Carlos Montalvo, executive director at the European Insurance and Occupational Pensions Authority, who was speaking at Life & Pension Risk's Solvency II conference in London today.
European authorities have proposed that the date for full implementation of Solvency II be delayed by one year, to January 1, 2014. Meanwhile, the UK Financial Services Authority (FSA)
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