For European insurers, Solvency II remains “highly political and a work in progress surrounded by uncertainties, making it difficult for insurers to prepare,” according to a new report from Celent.

“Solvency II IT Vendor Spectrum: 2012 Edition,” is intended to help insurers comply with the new regulatory framework, which is scheduled for implementation in January 2014, by helping them identify missing IT systems, fill those gaps and facilitate vendor selection.

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