Insurance companies

The insurance industry today faces a unique set of long-term and short-term challenges. Underwriting risks are impacted by well-known long-term trends such as greater longevity and an increasingly unpredictable climate. In the short term other factors are in play. Chief among these is the current turmoil in the financial markets, which is impacting the insurance industry in multiple ways, eroding value in the investment portfolio, increasing default risk and making it harder to raise capital.

Against this background, the industry must meet the new challenge of implementing Solvency 2. Currently planned for full implementation late in 2012, Solvency 2 is nevertheless not comfortably distant. Banks implementing Basel 2 took several years to plan, mobilise and complete the changes that were required – but in our view Solvency 2 presents significantly greater difficulties. For those firms intending to make use of internal models for determining regulatory capital needs, the timelines will prove very demanding. It is no surprise that regulators, like the UK’s FSA, already expect to see insurers’ Solvency 2 programmes under way.

With our deep financial services and risk experience, we are well placed to help firms plan for and address the multiple challenges now faced by the insurance industry. We are already working with clients to help mobilise their Solvency 2 effort, and can draw on many years of experience in implementing regulatory-driven change in financial services.

Clients can draw on our key service offerings:

Organisation and Governance

Business Processes and People

Information Management

Measurement and Analytics

If you would like a demonstration or details on any of our solutions, contact us.


Definio Reply™

Definio Reply is an open and flexible system for Financial Risk and Performance Management.

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Case study

Creating a Waiver Application to submit to the UK regulator, ensuring it is consistent in format and content, it is representative of the actualities of the client, and identifying gaps with regulatory requirements.