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80% of European insurers will meet Solvency II before deadline

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A survey by Ernst & Young Global Ltd. shows that almost 80% of European insurers expect to meet Solvency II standards before January 2016, reports The FINANCIAL.

While the poll shows high preparedness to implement Pillar 1 and most of Pillar 2 requirements, Pillar 3 continues to be a big challenge. Dutch, UK and Nordic insurers were found to be the best prepared, while insurers in France, Germany, Greece and East Europe (CEE) were less confident.

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