KPMG Solvency II Readiness Survey

KPMG’s Advisory services practice carried out this Solvency II survey in the first quarter of 2010 to gain an overview of the Solvency II readiness of insurance firms operating in Central and Eastern Europe (CEE).

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The survey was initiated when the

Solvency II Directive and the CEIOPS

final advice on Level 2 implementing

measures had already been published.

Following the publication of these

advice papers, representatives of the

insurance industry and regulators held

heated discussions about the overly

prudent capital requirements contained

in these proposals. By the time you

read this report, the industry will

already be discussing the issues

relating to the fifth quantitative impact

study (QIS5), which was published to

coincide with our work on processing

these survey results.

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