This is the third edition of Countdown to Solvency II from our international Solvency II team. It examines how to make the most of QIS 4 and view it as an opportunity to understand the commercial implications of Solvency II. It discusses operational risk and how effective risk management could improve the efficiency of systems, processes and controls. It explores internal models emphasising that model approval is more than just getting the numbers right (embedded strategic decision making must be evidenced too) and finally, it discusses the learning points from Basel II.
Themes are explored across four articles: -