Solvency II

Solvency II is probably the most important change management programme ever to affect insurance companies. Solvency II could become a harmful regulatory burden for your business if you do not approach it in a proactive and balanced way.

Lane Clark & Peacock can help you to implement Solvency II effectively within your business. We provide a full range of non-life actuarial and consulting advice to insurers in the London Market, the UK, Ireland and beyond. Our advice is enhanced by powerful software tools, which can often be run live, demonstrating the dynamics of your business and helping you to make better-informed decisions.

With its ICAS regime the UK regulator pre-empted much of the conceptual framework of Solvency II. The Solvency II process for UK insurers has taken a major step forward with the FSA's publication of a paper setting out what steps insurers need to take now to ensure that they are prepared. The detailed 62-page document gives the clearest indication yet of the FSA's thinking on the transition from the current ICAS regime to Solvency II, and is useful reading for Irish regulated insurers too.

Solvency II updates

• Implementing Solvency II: a practical guide

  February 2009
  Solvency II requires action now from all Irish regulated insurers in order to meet key milestones along the way to full implementation. Our practical guide helps you prioritise the main actions required over the coming months. read more...

• Solvency II: the 4 healthy responses / the 4 pitfalls

  September 2008
  Solvency II is a fundamental change in the regulation of insurance companies. It will affect all areas of your business and will need managing at the highest level. This LCP Insurance Update sets out a balanced framework for approaching Solvency II and highlights some important pitfalls to avoid. read more...

• Solvency II: QIS4 - what you need to know

  April 2008
  The next stage of the development and calibration of Solvency II started this month, with CEIOPS' initiation of the fourth Quantitative Impact Study ("QIS4"). This is a chance for all insurance and reinsurance organisations to have a say in the future of European insurance regulation. read more...