Solvency II is not just a regulatory burden: once successfully implemented, it can be a real performance enhancer ...

Solvency II is the most far-reaching change to the framework governing insurance companies in the European Union in over 20 years. It aims to implement solvency requirements that better reflect the risks that companies face and deliver a supervisory system that is consistently implemented across all member states. It is expected to be implemented in 2010 but preparatory work needs to start well in advance.

The Solvency II regime offers incentives, in the form of reduced capital requirements, to implement appropriate risk management systems and sound internal controls. As in Basel II for Banking, the regime has a three-pillar structure with each pillar governing a different aspect of the Solvency II requirements and approach.

Click on each pillar below to find out more about Solvency II

The challenge of preparing for and implementing Solvency II calls for a multi-disciplinary approach. At Deloitte, we are able to provide the required breadth of service expertise. Specialists from our Insurance, Actuarial, Risk and Consulting teams can ensure that all aspects of Solvency II requirements and opportunities are considered and can support you through the entire process.