global director of actuarial and Solvency II consulting, SunGard’s insurance business
Contributor: Petra Wildemann
Regulatory reform has affected both the banking and insurance market. This has created, tougher CAR requirements and need for greater transparency and data control. This time, we will explore how the CIRC is bringing reporting further in line with Solvency II and starting to put the regulations in place.... read more
global director of actuarial and Solvency II consulting, SunGard’s insurance business
Contributor: Petra Wildemann
The European Union’s Solvency II regulations have been a huge catalyst for change within the insurance industry worldwide, not just in Europe. We will now turn our eye to China. In this series, we’ll examine the role of China Insurance Regulatory Commission and look at how Solvency II is influencing insurance regulation in China. ... read more
global director of actuarial and Solvency II consulting, SunGard’s insurance business
Contributor: Petra Wildemann
While the initial reaction to Solvency II may be that compliance is a costly and timely nuisance, in the long run, insurers can expect to accrue solid business benefits from their Solvency II compliance. With greater transparency into their capital holdings and risk exposure, insurers will offer better sightlines into their operations for both investors and customers.... read more
global director of actuarial and Solvency II consulting, SunGard’s insurance business
Contributor: Petra Wildemann
Solvency II non-compliance can impact an insurer in two different ways. First, if an insurance company does not meet a designated milestone or fails to implement adequate risk management processes, non-compliance could endanger its right to trade.... read more
global director of actuarial and Solvency II consulting, SunGard’s insurance business
Contributor: Petra Wildemann
Solvency II imposes a self-regulatory component with ORSA (Own Risk and Solvency Assessment). The ORSA has a two-fold nature: first, it is an internal assessment process that is embedded in the strategic decisions of the undertaking; second, it also is a supervisory tool for the regulatory authorities, who are informed of the results.... read more
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