Solvency II legislation

Solvency II legislation was launched in 2000 by the European Commission to deliver a fundamental change to the current European insurance solvency framework and evolved from the Basel II three-pillar approach to Banking regulation.

IBM advises that each insurer must decide now what Solvency II means for them. There is not one solution for all. Insurers need to understand the drivers that will influence both the scale of investment and the value to be derived from their Solvency II Programme. Only then can the insurer arrive at a solution that will provide the right balance of cost and benefits for their organisation.

IBM has a proven track record in designing and delivering business transformation programmes and has worked with many leading organisations implementing processes and systems to satisfy regulatory requirements. We are able to leverage that experience to help insurers successfully achieve Solvency II compliance and deliver additional benefits with certainty from a parallel best-in-class business transformation.