Solvency II may be introduced in 2015 instead of 2013, according to latest reports

European Commission building Brussels

Solvency II may be introduced in 2015 instead of 2013, taking full effect in 2016 instead of 2014, according to reports.

Bloomberg, quoting Financial Times Deutschland, cited an unnamed executive as the one who leaked the news.

A spokeswoman for EU financial services commissioner Michael Barnier was quoted as saying the European Commission “regrets this delay and is still working resolutely toward a speedy introduction of the Solvency II rules”.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.