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More than one in three insurance professionals and fund managers (36 percent) believe asset management companies are unprepared for providing the level of detailed data their insurance clients will require under Solvency II, according to a State Street survey of 100 insurance executives and fund managers. Included within this are eight percent who think they are “very unprepared.” The survey findings also reveal that even if fund managers could provide the level of data required, 41 believe they would struggle to do so in a timely fashion.
Fund managers also expressed concern that there is a potential for strategic positions being “leaked.” Some 31 percent think that alternative fund managers will be “very reluctant” to share important and commercial data with insurers...
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