Case Study

If Insurance: A flexible approach to Solvency II compliance

If Insurance: A flexible approach to Solvency II compliance

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All rights reserved © SkySparc AB INDUSTRY: Insurance SOLUTION: SkySparc OmniFi and Consulting SUCCESS STORY 4 months | FULL INSTRUMENT AND RISK DATA COVERAGE FOR SOLVENCY II DATA WAREHOUSE FEED CREATED IN FOUR MONTHS | CHALLENGES Solvency II is the updated set of regulatory requirements for insurance firms that operate in the European Union. It aims to ensure understanding by insurers of the inherent business risks in the industry and the allocation of sufficient capital to cover them. The new rules come into effect in 2013. If Insurance understood the implications of the regulatory change early and began a large program to move the organisation towards compliance. A key part of this is a project to collect and analyse risk data from If’s investment operations. “We were giv

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