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The European insurance industry is currently faced with the challenge to adapt to the stipulations of Solvency II, the new set of supervisory requirements for insurance firms operating in the European Union. Solvency II is expected to take effect starting in January 2014, however, certain final decisions still need to be made by the European Union, respective governments and local supervisors. If you want to know more about the current status please read this article (in Dutch) published in CFO Magazine issued in March 2012. This article also refers to our ABACUS/Solvency II Reporting Solution. The ABACUS/Solvency II Reporting Solution, BearingPoint offers, is a comprehensive standard software package designed to meet the specific needs of supervisory reporting.