White Paper
It’s not a recovery plan – it’s a management action tool kit
What can be learnt from the best practices of European insurers’ recovery plans, and how such planning can be used to support a broader enterprise risk management program.
By Conor Callaghan and Tony Dardis
06 October 2022
Recent developments under the Solvency II regime means that very soon all European insurers will need to submit a pre-emptive recovery plan to their local regulator. In this paper, we look at the more strategic aspect of recovery planning. Our discussion is organized as follows:
- Recovery planning landscape across the globe
- Essentials of an enterprise-risk-management (ERM) framework
- Linking recovery planning to broader ERM through a management action toolkit
- Linking recovery planning to risk reporting
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