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	<title>SunGard Transparency, Efficiency and Networks (TEN) - Capitalize on Change &#187; Petra Wildemann</title>
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	<link>http://blogs.sungard.com/ten</link>
	<description>Transparency, Efficiency and Networks Reshaping Financial Services in 2011</description>
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		<title>China brings its insurance industry oversight further in line with Solvency II – Part 2</title>
		<link>http://blogs.sungard.com/ten/insurance/china-brings-its-insurance-industry-oversight-further-inline-with-solvency-ii-%e2%80%93-part-2/</link>
		<comments>http://blogs.sungard.com/ten/insurance/china-brings-its-insurance-industry-oversight-further-inline-with-solvency-ii-%e2%80%93-part-2/#comments</comments>
		<pubDate>Thu, 24 Mar 2011 13:30:43 +0000</pubDate>
		<dc:creator>Petra Wildemann - global director of actuarial and Solvency II consulting, SunGard’s insurance business</dc:creator>
		<dc:contributor>pwildemann</dc:contributor>				<category><![CDATA[Efficiency]]></category>
		<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Risk & Reg Reform]]></category>
		<category><![CDATA[Transparency]]></category>
		<category><![CDATA[enterprise risk management]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Regulatory Reform]]></category>
		<category><![CDATA[Solvency II]]></category>

		<guid isPermaLink="false">http://blogs.sungard.com/ten/?p=896</guid>
		<description><![CDATA[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.]]></description>
		<wfw:commentRss>http://blogs.sungard.com/ten/insurance/china-brings-its-insurance-industry-oversight-further-inline-with-solvency-ii-%e2%80%93-part-2/feed/</wfw:commentRss>
		<slash:comments>7</slash:comments>
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		<title>China brings its insurance industry oversight further in line with Solvency II &#8211; Part1</title>
		<link>http://blogs.sungard.com/ten/insurance/china-brings-its-insurance-industry-oversight-further-inline-with-solvency-ii/</link>
		<comments>http://blogs.sungard.com/ten/insurance/china-brings-its-insurance-industry-oversight-further-inline-with-solvency-ii/#comments</comments>
		<pubDate>Wed, 23 Mar 2011 16:04:40 +0000</pubDate>
		<dc:creator>Petra Wildemann - global director of actuarial and Solvency II consulting, SunGard’s insurance business</dc:creator>
		<dc:contributor>pwildemann</dc:contributor>				<category><![CDATA[Efficiency]]></category>
		<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Risk & Reg Reform]]></category>
		<category><![CDATA[Transparency]]></category>
		<category><![CDATA[basel II]]></category>
		<category><![CDATA[Capital Adequacy]]></category>
		<category><![CDATA[compliance]]></category>
		<category><![CDATA[data control]]></category>
		<category><![CDATA[enterprise risk management]]></category>
		<category><![CDATA[ORSA]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[Solvency II]]></category>

		<guid isPermaLink="false">http://blogs.sungard.com/ten/?p=890</guid>
		<description><![CDATA[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.
]]></description>
		<wfw:commentRss>http://blogs.sungard.com/ten/insurance/china-brings-its-insurance-industry-oversight-further-inline-with-solvency-ii/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
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		<title>Insurers can reap big benefits from Solvency II</title>
		<link>http://blogs.sungard.com/ten/insurance/insurers-can-reap-big-benefits-from-solvency-ii/</link>
		<comments>http://blogs.sungard.com/ten/insurance/insurers-can-reap-big-benefits-from-solvency-ii/#comments</comments>
		<pubDate>Mon, 06 Dec 2010 14:00:42 +0000</pubDate>
		<dc:creator>Petra Wildemann - global director of actuarial and Solvency II consulting, SunGard’s insurance business</dc:creator>
		<dc:contributor>pwildemann</dc:contributor>				<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Transparency]]></category>
		<category><![CDATA[compliance]]></category>
		<category><![CDATA[enterprise risk management]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[insurers]]></category>
		<category><![CDATA[reinsurers]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[Solvency II]]></category>

		<guid isPermaLink="false">http://blogs.sungard.com/ten/?p=617</guid>
		<description><![CDATA[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.]]></description>
		<wfw:commentRss>http://blogs.sungard.com/ten/insurance/insurers-can-reap-big-benefits-from-solvency-ii/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
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		<title>Solvency II non-compliance triggers serious consequences</title>
		<link>http://blogs.sungard.com/ten/insurance/solvency-ii-non-compliance-triggers-serious-consequences/</link>
		<comments>http://blogs.sungard.com/ten/insurance/solvency-ii-non-compliance-triggers-serious-consequences/#comments</comments>
		<pubDate>Mon, 29 Nov 2010 14:00:20 +0000</pubDate>
		<dc:creator>Petra Wildemann - global director of actuarial and Solvency II consulting, SunGard’s insurance business</dc:creator>
		<dc:contributor>pwildemann</dc:contributor>				<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Transparency]]></category>
		<category><![CDATA[compliance]]></category>
		<category><![CDATA[insurers]]></category>
		<category><![CDATA[MCR]]></category>
		<category><![CDATA[SCR]]></category>
		<category><![CDATA[Solvency II]]></category>

		<guid isPermaLink="false">http://blogs.sungard.com/ten/?p=615</guid>
		<description><![CDATA[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.]]></description>
		<wfw:commentRss>http://blogs.sungard.com/ten/insurance/solvency-ii-non-compliance-triggers-serious-consequences/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<title>Accountability for Solvency II compliance rolls all the way up to the ‘C’ suite</title>
		<link>http://blogs.sungard.com/ten/insurance/accountability-for-solvency-ii-compliance-rolls-all-the-way-up-to-the-%e2%80%98c%e2%80%99-suite/</link>
		<comments>http://blogs.sungard.com/ten/insurance/accountability-for-solvency-ii-compliance-rolls-all-the-way-up-to-the-%e2%80%98c%e2%80%99-suite/#comments</comments>
		<pubDate>Mon, 22 Nov 2010 14:00:51 +0000</pubDate>
		<dc:creator>Petra Wildemann - global director of actuarial and Solvency II consulting, SunGard’s insurance business</dc:creator>
		<dc:contributor>pwildemann</dc:contributor>				<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Transparency]]></category>
		<category><![CDATA[compliance]]></category>
		<category><![CDATA[ORSA]]></category>
		<category><![CDATA[SCR]]></category>
		<category><![CDATA[Solvency II]]></category>

		<guid isPermaLink="false">http://blogs.sungard.com/ten/?p=613</guid>
		<description><![CDATA[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.]]></description>
		<wfw:commentRss>http://blogs.sungard.com/ten/insurance/accountability-for-solvency-ii-compliance-rolls-all-the-way-up-to-the-%e2%80%98c%e2%80%99-suite/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
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		<item>
		<title>Solvency II compliance requires time, budgeting and lots of planning</title>
		<link>http://blogs.sungard.com/ten/insurance/solvency-ii-compliance-requires-time-budgeting-and-lots-of-planning/</link>
		<comments>http://blogs.sungard.com/ten/insurance/solvency-ii-compliance-requires-time-budgeting-and-lots-of-planning/#comments</comments>
		<pubDate>Mon, 15 Nov 2010 14:00:19 +0000</pubDate>
		<dc:creator>Petra Wildemann - global director of actuarial and Solvency II consulting, SunGard’s insurance business</dc:creator>
		<dc:contributor>pwildemann</dc:contributor>				<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Transparency]]></category>
		<category><![CDATA[compliance]]></category>
		<category><![CDATA[insurers]]></category>
		<category><![CDATA[IT]]></category>
		<category><![CDATA[Solvency II]]></category>

		<guid isPermaLink="false">http://blogs.sungard.com/ten/?p=611</guid>
		<description><![CDATA[The time and resources required for Solvency II compliance are the crux of the problem for most insurers, as current risk management systems and processes are disjointed and unable to provide the full transparency and audit capability required by Solvency II.  This multi-faceted challenge will require a significant investment of time, money and people -- particularly for the IT department -- in order to develop new tools, processes and procedures.  Despite the requirements, the recent SunGard study found that insurance IT professionals are behind the curve in Solvency II planning.  Whether this is because business teams have been late to invite IT to the party, or because IT has been slow to respond is unclear.]]></description>
		<wfw:commentRss>http://blogs.sungard.com/ten/insurance/solvency-ii-compliance-requires-time-budgeting-and-lots-of-planning/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
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		<title>Implementation milestones for Solvency II are coming up fast</title>
		<link>http://blogs.sungard.com/ten/insurance/implementation-milestones-for-solvency-ii-are-coming-up-fast/</link>
		<comments>http://blogs.sungard.com/ten/insurance/implementation-milestones-for-solvency-ii-are-coming-up-fast/#comments</comments>
		<pubDate>Mon, 08 Nov 2010 14:00:22 +0000</pubDate>
		<dc:creator>Petra Wildemann - global director of actuarial and Solvency II consulting, SunGard’s insurance business</dc:creator>
		<dc:contributor>pwildemann</dc:contributor>				<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Transparency]]></category>
		<category><![CDATA[CEIOPS]]></category>
		<category><![CDATA[compliance]]></category>
		<category><![CDATA[enterprise risk management]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[insurers]]></category>
		<category><![CDATA[QIS5]]></category>
		<category><![CDATA[reinsurers]]></category>
		<category><![CDATA[Solvency II]]></category>

		<guid isPermaLink="false">http://blogs.sungard.com/ten/?p=608</guid>
		<description><![CDATA[Solvency II is quickly moving from “on the horizon” to “need to act” across the European insurance landscape and with good reason.  Solvency II will have an unprecedented impact on insurance and reinsurance companies.  Meeting the 2012 compliance date will require significant effort on the part of all organizations. There are interim deadlines that must be met, and the potential cost of non-compliance may be high. In addition, rating agencies will be assessing insurers’ compliance progress as an indicator of financial strength.]]></description>
		<wfw:commentRss>http://blogs.sungard.com/ten/insurance/implementation-milestones-for-solvency-ii-are-coming-up-fast/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
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