Most insurers are confident that they will meet the 2012 deadline to implement Solvency II, the risk-based capital regulatory regime for insurers and reinsurers in Europe, according to research by PricewaterhouseCoopers L.L.P.
A survey of 115 companies in 22 countries last fall found that 74% of insurers are confident they will meet the 2012 deadline, PwC said Tuesday, although 40% are still only in the preparatory stages or have yet to launch their implementation projects.