Solvency II

Implementation of Solvency II represents a major undertaking for all insurance companies.

From our experience of regulatory change programmes, we are aware of common delivery challenges being faced that include:

• Defining the Executive’s ambition for Solvency II – what is the business case? See Xayce Point of View Implementing the Next Wave of Financial Regulation
• Communicating the revised Operating Model – how will the business change?
• Setting up the programme for success – how best to manage and govern enterprise-wide change?
• Making data available and accessible – how to design and implement the technology to support management information and reporting?

We believe we are well-placed to support your Solvency II programme, particularly in the areas of business analysis and data management. We have extensive experience of major regulatory change programmes such as SOX, FSA Reporting and Basel II. We typically take responsibility for individual workstreams and can also fill specific skills gaps in your teams.

In so doing, we look to help increase your certainty of delivery in a cost effective way. We have developed templates, for example, for helping to address some of the common challenges identified above. These will help you get a ‘head start’ and avoid repeating some of the mistakes made by others.

For more information on our experience relevant to Solvency II, click here.

Contact: information@xayce.com