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Solvency II: data quality and governance

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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.

To comply with Solvency II, companies must either use a standard model, which is effectively a

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