Many London Market and Lloyd’s insurance administration systems (IAS) will not be able to cope with these increasing demands for data and therefore a number of changes will be required to comply with Solvency II regulations.
The necessary changes will take time and money to implement but in the absence of the target model it is difficult for organisations to know where to start.
Through our work in the London Market we have developed an in-depth understanding of the types of changes that may be required and utilising our structured approach we can help you to assess the extent to which your systems and procedures are likely to need changing.
Our bespoke Wisereach assessment model allows us to rapidly identify the agility and maturity of your IT systems, processes and reporting capability in a number of core areas. The results of our assessment can then be used to ensure that your in-house or third party system providers are making adequate and appropriate plans so that you don’t get let down when it counts most.