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Earnst & Young publishes interesting survey on the progress of European insurance companies in preparing for Solvency II

Overall, the insurance industry is on track to implement Solvency II by 1 January 2016; however, a significant amount of work is needed between now and then to address preparedness across all three pillars.

Data and systems readiness for Pillar 3 continues to lag behind Pillars 1 and 2, with only 25% of respondents indicating that they have selected and designed a system to meet most or all of the Pillar 3 requirements.

European Solvency II survey 2014