- Slight IGD surplus improvement (others have followed suit to varying degrees of prudence)
- Having de-risked their business and having a capital-lite business model, they feel "well placed to operate in the currently proposed Solvency 2 environment"
- Transformation costs (including Solvency 2 costs) up from £17m to £23m in the half year
- Solvency 2 "currently expected to implement in 2014" - a little more presumptuous than the others who preferred to stick with 2013, but bearing in mind it is a fait accompli, fair enough.
Wednesday, 10 August 2011
FTSE Insurers - Solvency II Progress
Having already checked out the earlybirds in the interim reporting season for their Solvency II progress (here and here), Standard Life chipped in today with their progress.