Solvency II has often been seen as primarily a technical actuarial exercise.
However, many insurers are now coming to recognise its far-reaching business
implications, with a number also beginning to appreciate its competitive
potential. This includes more efficient use of capital, a more informed basis
for decision-making and an improved ability to convey the strength and
potential of the enterprise to analysts, investors, counter parties and rating
agencies.
Making Solvency II work for the business draws on analysis
carried out by PricewaterhouseCoopers and explores how leading insurers are
putting themselves on a firm competitive footing for Solvency II. It includes a
checklist of key considerations for executives and a series of milestones that
will need to be addressed over the coming year.