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Shifting gears for the new regime

The role of risk governance in Solvency II

Shifting gears for the new regime

 

Background

Although a number of existing governance regulations currently impact insurers, Solvency II will catalyse a re-examination of whether insurers' governance models are fit for purpose. Since governance forms an integral part of the requirements of Solvency II, the Directive provides a compelling reason for insurers to reassess their systems of governance.

Key findings

In this Deloitte point of view, we examine the need for a robust system of governance, explore an integrated approach to risk and capital management and consider the responsibilities of senior management under the rules of Solvency II.

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