What needs to be done? How can this be completed as efficiently as possible, while minimising external spending?
How can this be completed as efficiently as possible, while minimising external spending?
With much more certainty now over the Solvency II timetable, the challenge for insurance companies is to cost-effectively embed the processes and systems that have been developed cost-effectively over the next two years. What needs to be done? How can this be completed as efficiently as possible, while minimising external spending?
We believe there are four key areas for companies to focus on:
A proportionate and pragmatic approach
We think it is important to recognise there is further business and regulatory change affecting companies and so a proportionate and practical approach is vital. We believe insurers who take a holistic approach will be best-placed to achieve long-term sustainable value creation, which their investors will reward.
Preparatory guidelines for Solvency II
EIOPA has published Preparatory guidelines for Solvency II; download the relevant documents below.
How KPMG can help
Our insurance practice provides insurers with the entire range of Solvency II project support. This varies from actuarial and risk specialists to advice on changing reporting processes and improving risk culture.
Get in touch today and find out how we can help you.
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