Viewpoint: The IT challenge of Solvency II
Viewpoint from Steve Knight, general manager at Mi
The regulation of brokers in January 2005 saw many firms consolidate because they left it too late, so it will be interesting to see the response on the other side of the coin with regards to Solvency II, especially for smaller, specialist players.
With only two years before the directive comes into force, action is needed. Insurers need to look at capital efficiency, organisational processes (including the impact on their brokers) and balancing their portfolios and channels if they are to meet
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