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Alexandros Sarrigeorgiou added that private insurance companies are ready for dialogue. He did not deny that private insurance had its shortcomings in the past, but today all companies that want to be successful in the long term are subject to the requirements of Solvency II. The rules in the new control system of capital adequacy of insurance companies will be finally implemented in 2012 and guarantee proper management of private contributions, providing another condition for successful retirement savings. According to the insurer, private companies could share their successful experience in managing health costs and cooperate with the public sector in the health system restructuring in Greece. Currently, it has monstrous deficits resulting from waste management and lack of control.