Explore the latest developments in Solvency II, get insights into key issues, and learn how insurers can assess the implications of the Solvency II directive to prepare for the changes ahead.
This PwC publication explains why Pillar 2 is the catalyst that will challenge insurers’ risk culture, governance and risk management. But how do you interpret and apply the regulations to create an efficient risk management process?
This PwC paper discusses the fact that syndicates at Lloyd’s have already had to complete the development and begin the embedding of a capital model which meets Solvency II standards as Lloyd’s prepares for its market-wide model application in April 2012 and asks: As other insurers gear up for the final stages of the model application process, what can they learn from the Lloyd’s businesses that have been there ahead of them?
EIOPA have made some significant decisions on quantitative reporting measures in response to stakeholders’ concerns. Here we discuss implications, areas of uncertainty and the deadlines.
PwC is helping a range of insurers to get to grips with the practicalities of Solvency II implementation.
Whether to opt for an internal model, the standard formula or one of the options in between is one of the most crucial decisions within Solvency II. It not only affects your firm's capital requirements, but also the way the business is managed and perceived by stakeholders.
While spreadsheets will remain an important tool under Solvency II, they can be inherently difficult to control. Reducing dependence on spreadsheets will therefore be the first priority...
Model validation is one of the six key tests for model approval, however, few insurers have made much headway in model validation. Insurers have until April 2012
While the technical provisions are undoubtedly a challenging area of Solvency II implementation, many insurers may be making them more complicated than they actually need to be.
Your documentation is the public face of your Solvency II programme. It helps you to make a convincing case to your supervisor that your capabilities and approach are fit for purpose. How can you provide the right kind of documentation to demonstrate compliance without swamping your business in needless paperwork?
Confidence in your capital: The Solvency II data directory
Insurers seek to structure their operations so that they are capital and tax efficient - Solvency II has changed the playing fieldThe fifth quantitative impact study (QIS5) has demonstrated that capital management structures that are tailored to existing regulation are likely to be less efficient under Solvency II. What can you do to improve your capital position?
Instilling risk awareness into the culture and decision making of your organisationModels don’t make decisions, people do.