Under Solvency, spreadsheets could prove to be especially useful in providing cost-effective and relatively easy to use solutions in areas such as data collation, data transformation and the analysis supporting expert judgements.  However, spreadsheets ease of use can also lead to an inevitable risk of mistakes and making errors harder to detect.  In this article, PwC explains the processes and benefits of using a systematic and strategic approach to managing and mitigating speadsheet risk.

Survey results from 60 insurers operating in the UK.  Subtle changes in insurers' strategic focus and differing levels of preparation are coming to the fore.  Most insurer's expect tangible benefits from their Solvency II preparations.

Solvency II is the largest ever change to European insurance solvency regulations. The European Commission has estimated total costs of implementation for the industry in Europe to be €2-3bn over 5 years.

This article tackles the key strattegic and implementation issues emanating from Solvency II reporting and disclosure requirements.

Solvency II is a fundamental review of the capital adequacy regime for the European insurance industry. It aims to establish a revised set of EU-wide capital requirements and risk management standards that will replace the current Solvency requirements.