SOLVENCY II
Managing modern regulations
The European Union Solvency II Directive is broad in intent and deep in implication. Insurers worldwide have pursued meaningful change to their operations to meet this modern regulatory standard. The reverberations are only beginning to be felt.
Change and progress
Solvency II affects every aspect of the modern insurance business: pricing, underwriting, assessment, risk management, asset management, internal and external reporting, and more.
What’s more, it demands more advanced modelling and analytics approaches that require transformation of the actuarial function. Several years in, significant changes are still being made. Success depends on the agility of your response to new requirements and new realities.
Related Milliman insight
Regulatory developments for life insurers
Our monthly newsletter covers the most recent regulatory news and updates from the ESAs, EIOPA, PRA, and FCA with a focus towards UK life insurance companies.
Related Milliman products
VEGA
Streamline Solvency II compliance with a multi-user, multi-site tool for Standard Formula SCR and quantitative reporting templates.
Integrate
Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.
Milliman STAR Solutions
Comply with Solvency II regulations using a suite of specialised analytics, modelling, and reporting tools.
Solvency II Compliance Assessment Tool
Monitor and assess compliance with Solvency II while creating an audit trail of completed work and a development plan for future actions.
Related Milliman services
Asset allocation
Achieve more consistent returns with impartial, data-driven advice tailored to your needs.
Capital management
Assess capital requirements under a wide range of frameworks and get effective strategic advice on how to manage capital.
Complex risk assessment
Manage threats and opportunities related to complex non-financial risks among people, systems, and the external environment.
Economic capital modelling
Use capital more efficiently to protect against financial risk and comply with growing rating and regulatory requirements.
IFRS insurance contract consulting
Meet exacting standards while managing the operational and strategic implications with our modelling, actuarial, and consulting skills.
Solvency II
Manage Solvency II implementation across pricing, underwriting, risk management, reporting, and more.
We’re here to help
Ask the tough questions. We’re ready for them.
To speak with an expert, please contact a member of our Dublin office or fill out the form below.
We’re here to help
Ask the tough questions. We’re ready for them.
To speak with an expert, please contact a member of our Dublin office or fill out the form below.