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Still, insurers expect Solvency II to have a positive impact on the market. The new regulatory framework will more closely link a company's capital requirements to its risks - a wider range of risks than under Solvency I - reinforcing confidence in the industry. This can be good for everyone - the market, the insurer and the policyholder alike. But getting ready for 2012 places some serious demands on the insurance industry. To meet them, insurance companies will need a more sophisticated approach to risk management, financial reporting and corporate governance. That they know. Current processes and systems will need to be enhanced for the company to determine its capital requirements under Solvency II.
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