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SOLVENCY II

Managing modern regulations

The European Union Solvency II Directive is broad in intent and deep in implication. Insurers worldwide have pursued meaningful change to their operations to meet this modern regulatory standard. The reverberations are only beginning to be felt.

Beyond regulation

Change and progress

Solvency II affects every aspect of the modern insurance business: pricing, underwriting, assessment, risk management, asset management, internal and external reporting, and more.

What’s more, it demands more advanced modelling and analytics approaches that require transformation of the actuarial function. Several years in, significant changes are still being made. Success depends on the agility of your response to new requirements and new realities.

Insight

Related Milliman insight

Article

Expert Judgment under Solvency II

Expert judgment plays a key role in the process by which firms determine technical provisions, their solvency capital requirements and the financial resources they have available to meet these requirements. In this paper, we look at the central role that can be played by an Expert Judgment Register.
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Article

Solvency II 2020 review

On 25 June 2019 EIOPA published a first wave of consultation papers on its proposals for the 2020 Review regarding supervisory reporting and public disclosure and insurance guarantee schemes.
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Article

Analysis of life insurers’ Solvency and Financial Condition Reports Year-end 2018

This report focusses on the Solvency and Financial Condition Reports published in 2019 which refer to year-end 2018. Our analysis of the European life insurance market covers over 650 companies from 31 countries and one territory. The charts and results focus on nine of the largest European life insurance markets by the total volume of Technical Provisions.
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Briefing note

Analysis of Solvency and Financial Condition Reports Year-end 2018

This briefing note highlights some interesting information published in the Solvency and Financial Condition Reports of life insurance companies in Ireland at year end 2018, focussing on premiums, investments and solvency coverage.
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Briefing Note

EIOPA consultation paper on the opinion on the 2020 review of Solvency II

This briefing note summarises EIOPA’s October 2019 consultation paper on its opinion on the Solvency II 2020 review.

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Briefing Note

Solvency II Reporting: Year End 2019 and beyond

To help prepare for Solvency II reporting throughout 2020, we have prepared a briefing note detailing Solvency II reporting deadlines in 2020 and the changes in the reporting framework relative to the previous year.

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White Paper

A quantum leap in benchmarking P&C unpaid claim distributions

Discover the impact of next-generation dynamic benchmarking tools for more reliable loss distributions.

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White Paper

Illiquid liabilities: A myth or a reality?

This white paper considers proposed approaches for assessing the liquidity of insurance liabilities and insights useful to firms in the process of implementing IFRS 17.

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Research Report

Investment strategy under Solvency II

Learn how you can optimize your investment allocation to improve returns and reduce risk.

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Report

The benefits of Solvency II unit matching

This research report provides an overview of the theory, approach, and benefits of Solvency II unit matching, as well potential downsides, and key implementation considerations.

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Products

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Solvency II reporting & compliance

VEGA

Streamline Solvency II compliance with a multi-user, multi-site tool for Standard Formula SCR and quantitative reporting templates.

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Financial modeling & industrialization

Integrate

Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution.

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Solvency II compliance

Milliman STAR Solutions

Comply with Solvency II regulations using a suite of specialized analytics, modeling, and reporting tools.

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Solvency II compliance

Solvency II Compliance Assessment Tool

Monitor and assess compliance with Solvency II while creating an audit trail of completed work and a development plan for future actions.

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Services

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