With Solvency II (SII) fast approaching and uncertainty looming, firms are looking to avoid surprising investors by carefully revealing their position. The challenge is how firms will communicate with investors once SII is live.
16 European insurance groups, across UK, France, Germany, Italy and Switzerland, participated in the 2015 KPMG disclosures survey which provides further insight and builds upon our 2014 survey.
An element of unease exists about disclosing detailed SII results before official reporting begins. However, subject to the outcomes of various regulatory approvals, a number of firms do plan on disclosing high-level SII positions.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.