Insurers overwhelmingly concerned about data requirements of Solvency II

17 February 2012

Over 90 per cent of insurers remain concerned about their ability to meet the data reporting requirements of Solvency II, according to a survey by investment and risk management advisory firm, BlackRock.

The survey of 220 insurers from 18 countries also found that insurers expect to increase their investment in alternative assets as they search for yield, despite the potentially higher charges they might face under the capital adequacy-based regime.

BlackRock's survey revealed that 94 per cent of respondents are 'very or somewhat concerned' about meeting Solvency II's data reporting requirements on time, with 95 per cent concerned about completing them in full.

The vast majority of insurers, 92 per cent, are anxious about the quality of data they will receive from third parties.

Press release


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