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Solvency II - Testing Times Ahead

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Whilst the final requirements are still unknown, it is expected that Solvency II will require a more detailed view of an organisation’s data with previously aggregated information being demanded at a more granular level.  New data items not previously captured are likely to be required and the reporting of data is expected to have shorter timescales and increased frequency.

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.

For further details please contact This email address is being protected from spambots. You need JavaScript enabled to view it.

Maturity Assessment

Peter Weare

Industry leader in digital transformation. Passionate about delivering a frictionless consumer  experience. Regular commenter on getting delivery right.

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