Solvency II is no longer an impending change to insurance regulations across Europe. Instead, it is the day-to-day reality that insurance companies must now comply with.
Building on our experience of developing our Solvency II Readiness Assessment Tool, we have now developed an intuitive and flexible tool to help companies assess their ongoing level of Solvency II compliance. The new Milliman Solvency II Compliance Assessment Tool distils the Solvency II requirements into easily digestible self-assessment questions. The tool is based in an easy-to-use cloud-based platform facilitating the gathering of all necessary information across the whole organisation.
The tool enables both life and non-life (re)insurance companies to easily monitor and assess their level of compliance across all three pillars of Solvency II while simultaneously creating an audit trail of completed work and a development plan for future actions.
Key features of the Solvency II Compliance Assessment Tool include:
- Easy to use interface
- Detailed assessment of Solvency II requirements with links to all relevant legislation
- Latest updates to requirements
- Reporting functionality
- Audit functionality
- Workflow functionality
- Cloud-based platform
For more information, please download the full brochure.