United Kingdom

Solvency ll: Reporting 

For most insurers, the least-developed aspect of Solvency II compliance currently relates to the reporting requirements. However, this aspect is likely to be incredibly challenging for companies. Many insurers will need to file their first Solvency II reports with the regulator by the middle of 2015. These reports will need to include a significant level of detail regarding assets, liabilities and capital - in line with the Solvency II requirements.
Solvency ll: Reporting

The clock is ticking

 

The heart of the challenge lies in finding reliable and robust data for the reporting process and reducing the timetable for quarterly reporting. This will require input from across the business including finance, risk, actuarial, investments and planning functions.

 

How we can help

 

We can help insurers to better understand the changes and plan for these efficiently. Our team of actuarial, finance and IT experts have designed and implemented solutions that support the development of an effective Solvency II reporting solution.

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Danny Clark

Danny Clark

Partner

KPMG in the UK

 

020 7311 5684

Email Danny