Solvency II: building the Internal Model
Date:
By: Philip Howard
Classification: White Paper
The Solvency II Directive for insurance and reinsurance companies in the EU comes into force on December 31st 2012. The Directive mandates a much more stringent approach to capital adequacy, much in the same way that Basel II and the forthcoming Basel III impose such requirements on the banking sector.
Having considered the various issues that arise around the construction and support of the Internal Model we will briefly discuss the Solvency II solution offered by Netezza (an IBM company), Kalido and MicroStrategy: three companies that have joined forces to provide an appliance-based accelerator that will help to address these requirements.