Achieving Solvency II Readiness
Quadrant’s Risk Consulting Division is offering a range of consulting services to help insurance firms to understand the implications, plan and be ready for Solvency II. They include:
Solvency II Awareness Workshops
- Understand the implications of the QI3, etc.
- ERM approach
Strategy
Assistance with planning Solvency II strategy taking into account:
- Standardised Approaches versus Internal Models for calculating Solvency Capital Requirement (SCR)
- Risk and valuation models appropriate to different types of insurance (Life, Non-Life, Direct, Re-Insurance, etc.), implications of Group companies and the pooling and off-setting for different types of asset and liabilities
- Impact of harmonising with IASB accounting standards
Management Information Systems Impact Assessment
Gain a clear assessment of changes required to be made to your Management Information (MI) systems architecture. Consider the lessons that can be learned from Basel II.
Developing Internal Models
Help with specifying and developing internal models for SCR taking into account different insurance types, group structures and technical provisions.
Implementation planning
Developing detailed systems implementation plans for Solvency II.
Change management
Developing the plans for the changes in management structure and processes required for Solvency II.
– ERM Solution for Solvency II
Quadrant’s Risk Solutions Division is building , an Enterprise Risk Management solution which will address the risk and capital adequacy requirements being introduced with Solvency II. will be an enhancement of Quadrant’s 
integrated data repository and compliance engine developed initially for the international banking industry in response to the Basel II Capital Accord.
