Insurers must be prepared as Solvency II approaches
Wednesday, 09 23 2015, Category: Insurance and Reinsurance, Country: Europe
Insurers must be prepared for Solvency II with just 100 days until its implementation, according to data specialist Silverfinch.
The firm said that insurers must have the necessary agreements in place with the asset management firms which will be providing look-through data on their investments.
Silverfinch is also urging insurers to review their service level agreements or non-disclosure agreements with both rating agencies and data vendors.
John Dowdall, managing director of Silverfinch said: “It may have taken us an awfully long time to get to this point on the runway, but now the ground is staring to run out beneath our feet.
Source: Intelligent Insurer