Lack of funds to spark Solvency II M&As
The cost of implementing Solvency II could lead to a spike in mergers and acquisitions, after a survey on how prepared the insurance industry is for the directive revealed only 31% of respondents claimed to have set aside sufficient funds.
A poll of 78 insurance firms conducted by Hyland Software found that 31% claimed to be fully aware of all the implications of Solvency II, while a further 38% admitted to only being partially aware —
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