Solvency II compliance
A clear view of financial exposure
Solvency II is intended to reduce the risk of firm failure and better protect the interests of customers. But whilst the UK is generally in a good position for moving to the Solvency II regime, it won’t be without its challenges.
Firms, for example, will have to implement comprehensive governance frameworks and deploy effective risk management systems that touch every area of the business. Comprehensive reports must specify the organisation’s appetite for risk and demonstrate that sufficient capital is being held to protect you and your stakeholders for the long term. Preparation is the key to achieving compliance – and it’s vital that work starts now.
Pitney Bowes Software solutions will help insurers of all types and sizes organise your information stores and achieve fast insight into financial exposure and risk. By enabling you to create, manage, store and retrieve information effectively, we can help your business report on organisation-wide risk and performance and gear up for the new regulatory demands.