2020 CCAR Resubmission
We support our clients response to normative and regulatory changes with interpretations of standards, impact assessments and operational deployment. We bring an enlightened view of necessary evolution, while guaranteeing an optimal budget allocation.
The implementation of the European Solvency II directive imposed on insurance firms a lot of additional work, in particular in terms of modeling (standard formula, internal model, USP), of production (SII closure, calculation of equity, projections ORSA, etc.), governance and even reporting.
Thanks to certain technical expertise, a strong appetite for modeling and a transverse vision of the insurance world, Sia Partners supports its clients in the interpretation and implementation of this standard and its amendments.
A new international accounting standard dedicated to the evaluation of insurance liabilities (IFRS 17) forces the insurance groups, which are subject to it, to adapt and in particular to overhaul their accounting processes. Before its implementation, it is necessary to define and interpret the various regulatory aspects to carry out a coherent transcription of the Guidelines.
This adaptation phase requires setting up several projects, but this standard will also generate opportunities that should be identified immediately.
Sia Partners supports its customers in understanding and interpreting this standard as well as in its operational implementation.
Projects are therefore necessary:
This standard also offers opportunities: