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SOLVENCY II

Managing modern regulations

The European Union Solvency II Directive is broad in intent and deep in implication. Insurers worldwide have pursued meaningful change to their operations to meet this modern regulatory standard. The reverberations are only beginning to be felt.

Beyond regulation

Change and progress

Solvency II affects every aspect of the modern insurance business: pricing, underwriting, assessment, risk management, asset management, internal and external reporting, and more.

What’s more, it demands more advanced modelling and analytics approaches that require transformation of the actuarial function. Several years in, significant changes are still being made. Success depends on the agility of your response to new requirements and new realities.

financial modelling & industrialisation

Integrate: Welcome to a revolution in actuarial performance

Integrate represents a genuine paradigm shift in actuarial software, technology, and solutions.

article

A capital management toolkit for life re/insurers

Paul Fulcher and Luca Tres describe the pros and cons of 10 techniques and solutions available to European life insurers to help manage capital under Solvency II.

CP2/24: Solvent exit planning for insurers

What are the main takeaways?

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2024 Illiquid Asset Survey

Continued growth in scale and capability

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Consequences of Solvency II extrapolation methods in the higher interest rate environment

Evaluation of the implications of a change in extrapolation method at higher…

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Amendments to the Solvency II Directive

The European Parliament, European Council and European Commission have published…

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Effectiveness of capital light traditional products, and how they might evolve with the arrival of IFRS 17

The implementation of Solvency II represented a huge change in the European…

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Roundtable: Life reinsurance – September 2023

A roundtable discussion covering the implications of PRA reforms to Solvency II…

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Shareholder value reporting in Europe: Solvency II based metrics

This report summarises the annual research performed by Milliman which looks at…

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A simple approach to climate scenarios

Despite calls over the years for firms to conduct climate-related scenarios,…

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2023 Illiquid Asset Survey

The illiquid (or alternative) asset investment market continues to develop....

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It’s not a recovery plan – it’s a management action tool kit

What U.S. life insurers can learn from the best practices of European insurers&…

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Living forever with Solvency II: A closer look at mortality stresses

This white paper proposes two alternative and complementary views to the EIOPA&…

Proxy model validation

This paper provides a brief introduction to proxy modelling and contributes to…

A quantum leap in benchmarking P&C unpaid claim distributions

Discover the impact of next-generation dynamic benchmarking tools for more…

Illiquid liabilities: A myth or a reality?

This white paper considers proposed approaches for assessing the liquidity of…

Research Report

Investment strategy under Solvency II

Learn how you can optimize your investment allocation to improve returns and…

The benefits of Solvency II unit matching

This research report provides an overview of the theory, approach, and benefits…

Products

Related Milliman products

Solvency II compliance

Solvency II compliance

Milliman STAR Solutions

Comply with Solvency II regulations using a suite of specialized analytics, modeling, and reporting tools.

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Solvency II compliance

Solvency II compliance

Solvency II Compliance Assessment Tool

Monitor and assess compliance with Solvency II while creating an audit trail of completed work and a development plan for future actions.

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Financial modeling and industrialization

Financial modeling & industrialization

Integrate

Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution.

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Services

Related Milliman services

Asset allocation

Capital management

Complex risk assessment

Economic capital modeling

IFRS insurance contract consulting

Solvency II

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We’re here to help you break through complex challenges and achieve next-level success.

Contact us

We’re here to help you break through complex challenges and achieve next-level success.