Guy Carpenter and Mercer Oliver Wyman have released Solvency II: Preparing for the Dawning of a New Day...
Guy Carpenter and Mercer Oliver Wyman have announced the joint publication of Solvency II: Preparing for the Dawning of a New Day. The comprehensive report examines the current state of Solvency II, the European Union's wide-ranging review of current insurance directives, and its potential strategic impact on the non-life insurance industry.
"The most important benefits for insurers of Solvency II likely will be evident once companies complete the data-gathering and organizational phases of the process, and they are empowered to manage their capital in a more informed, technically proficient way," said David Spiller, president and CEO of Guy Carpenter.
"We also are seeing more pronounced signs of convergence between Solvency II and the rating agencies' approaches to capital adequacy and risk management, which is not lost on equity analysts and other interested parties," said Anthony Stevens, managing director, head of European insurance for Mercer Oliver Wyman.
The report focuses on four key issues for insurers:
The current status of the Solvency II project, including the results and practical implications of the Quantitative Impact Studies.
Related market developments, with particular focus on the increasing convergence of rating agency and regulatory views.
The likely impact of Solvency II on the industry, and the implications for individual insurance companies.
What insurance company executives should be doing next.
