Impact on Lloyd's

Successful implementation of Solvency II across the Lloyd's market is a priority for Lloyd's. It has prepared a programme plan that identifies five workstream objectives: successful implementation at Society level, successful implementation at syndicate level, capital levels, internal model approval and effective lobbying and communication.

Solvency II application to Lloyd's

Lloyd’s and the FSA are engaged in negotiation to determine the precise details of how Solvency II will be implemented at Lloyd’s.

Identifies five workstream objectives for successful implementation

Lloyd’s and the LMA are working together to respond to CEIOPS consultations on Solvency II’s detailed technical requirements.

CEIOPS has delivered its final advice to the European Commission