Measuring and monitoring the solvency of insurers has been a constant challenge for insurance regulators all around the world. The approach and methods used by regulators have evolved over time. Solvency II is a regulatory change that is proposed for the European market for better management of insurer solvency. The regulations related to this initiative are currently being detailed. With a few years to go before the regulations come into force, this would be an appropriate time to see how insurers should prepare themselves in order to embrace Solvency II regulations.
(Read the full article titled Solvency II – the IT perspective, published in The Actuary, April 2007 edition – authored by Rama Warrier & Nandha Kumar)
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