Thu 26 Jan 2012
How insurers can manage the risks posed by Solvency II
Posted by EPR Network under Business, Financial, Management, Software, Technology
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Released on: January 26, 2012, 8:03 pm
Author: APT
Industry: Human Resources
The world of risk management for insurers is about to get riskier. It is not just the current uncertain economic climate that will make managing the investments of European insurance firms more difficult. New European legislation, known as Solvency II, comes into effect in under a year’s time, which will place a strict regulatory framework over the investments and capital holdings of insurance firms. Insurers failing to meet specified capital holdings, or whose investments are deemed at risk, will face the threat of a sliding scale of involvement in their affairs from regulators. Today SunGard APT, the risk management division of SunGard’s multinational software business, announced that it can help insurers manage the risks posed by Solvency II.
