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• What is Solvency II?

  Scheduled for implementation in 2012, it is a new regulatory regime designed to provide a principles-based supervisory framework for European insurers and reinsurers. Solvency II is a risk-based system and is being built to meet the challenges of rapidly developing financial markets. It will also bring an increased level of transparency and harmonisation to the sector.
  More about the timeline and political process

Solvency II represents both a challenge and an opportunity for European insurers. However, the greatest benefits will be achieved by those firms that position themselves early to take advantage of the coming regulatory change.

The Tillinghast insurance consulting business of Towers Perrin is one of the industry’s principal Solvency II experts. For close to three years, our team of professionals has been working in Brussels with the European insurance industry (CEA) to proactively influence the development of Solvency II.

This work included:

• Helping to develop the insurance industry’s response to CEIOPS Consultation Papers and the Framework Directive
• Providing feedback and guidance on the various QIS exercises
• Developing technical and lobby papers on key aspects of the Solvency II framework
• Running workshops to support key stakeholders in the process.

We have also worked with the CRO Forum and are now actively engaged with clients across Europe on Solvency II projects ranging from overall strategic direction to more detailed technical assistance.

Our work has given us unparalleled insight into the development of the new framework, the likely changes that would result and the challenges that companies will be facing. We are recognised as thought leaders on Solvency II and, together with our global reach and deep technical expertise, we are ideally positioned to provide innovative solutions to the complex challenges that lie ahead.

Learn more about our credentials