Some 43% of European insurers are unlikely to be prepared for Solvency II by 2014, research by Ernst & Young has revealed.

The Insurance Fraud Register will go live in July after the Association of British Insurers and the Insurance Fraud Bureau signed contracts on the creation of the database.

The Association of British Insurers (ABI) has warned the introduction of new financial authorities could lead to dual regulation for its members.

The Association of British Insurers has questioned the Insurance and Occupational Pensions Authority's decision to schedule a stress test during the implementation of Solvency II.