European insurers expect modest cost for Solvency II compliance

The European Union’s Solvency II directive calls for a common set of solvency regulations for insurers across Europe by 2012, including the enactment of new rules regarding the levels of capital that EU insurers must set aside to cover their combined risks and liabilities.

Considering Solvency II in the larger context of strengthening their enterprise, three-quarters (75%) of respondents said they believe that their compliance investment will support their business needs. More specifically,