Fostering Data Fluency: Building a Strong Data…
We support our clients in normative and regulatory changes by interpreting standards, with impact assessments and operational deployment. We bring an enlightened view of necessary evolutions, while guaranteeing an optimal budget allocation.
The implementation of the European Solvency II directive imposed on insurance firms requires 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 technical expertise, a strong appetite for modeling and a transversal vision of the insurance world, Sia Partners supports 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 insurance groups to adapt, and in particular, to overhaul their accounting processes. Before its implementation, it is necessary to define and interpret the various regulatory aspects and 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 its operational implementation.
This standard also offers opportunities: