The European insurance industry’s new regulatory framework—the Solvency II directive—plans to replace the existing and outdated Solvency I requirements with a new set of capital requirements, valuation techniques, risk and governance, and reporting standards. With risk management being recognized as a differentiator, Solvency is a high value proposition for the insurance sector. Our approach integrates risk and performance management in a way that insurers link their business strategy to a risk and capital management framework – transformational in nature.