Northdoor checklist will assist insurers through Solvency II implementation

Insurers struggling with Solvency II regulations have been given a leg up with a new checklist designed to give them an accurate picture of their compliance progress.

The checklist, developed by IT consultancy Northdoor, covers three key areas including data, technology and business processes.

Rob Stavrou, Northdoor’s director of consultancy said: “Companies need to be able to meet Solvency II requirements through a robust technology model that is seamlessly mapped to the business processes.

"They also need to mitigate risks and demonstrate the project management discipline and methodology required for the implementation.

“This checklist will help identify what areas need more work, investment or clarity and where the company is progressing well."