Workflow, Governance And Reporting: Insights Into Addressing The Challenges Of Solvency II: Pillars 2 And 3 From Leading European Insurers
Insurers need to overhaul their approach to dealing with the flow of data within their organisations, if they are to comply with all of the requirements of Solvency II, not just Pillar I.
The capital requirements imposed by Solvency II – Pillar I – have tended to hog the limelight when it comes to the new regime. This is understandable given the potential for these new requirements to impact business and profitability. Also, the calculations require extensive new data as well as
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