Although their attention is currently focused on establishing processes for Pillar III reporting compliance, many insurers are already determining how they can extract long-term benefits well beyond the Solvency II deadline of January 1st, 2016.
In particular, they seek to use the foundation laid for Pillar III reporting to break the barriers that have traditionally existed between risk and finance – facilitating the adoption of a more holistic and strategic approach to risk and capital management.
This white paper addresses why insurers should view the data collated for Pillar III reporting as an essential information source for all strategic risk and capital decision-making within their organizations.
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