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Solvency II

Solvency II is the largest ever change to European insurance solvency regulations. The European Commission has estimated total costs of implementation for the industry in Europe to be 2-3bn over 5 years.

Most European insurers are obliged to implement the full Solvency II requirements by January 2013.  As such, it will be a major driver for the development and embedding of Enterprise Risk Management (ERM) for the insurance industry. For some it will be a very significant change and a challenging transformation project.

Black Box Insurance Consultants have a team of Solvency II experts able to accelerate the embedding of the cultural changes that insurers will be required to undertake in order to comply with the Solvency II regulations.

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