NU Online News Service, June 17, 3:30 p.m. EDT
Before making technology investments for Solvency II compliance, insurers need to understand their risk management profile and determine what is needed to fulfill the requirements, according to an analyst with the consulting firm Celent.
Speaking today during a webinar presentation, Nicolas Michellod, senior analyst, insurance with Celent–a member of the Oliver Wyman Group, which is a subsidiary of Marsh & McLennan Companies–said insurers have the technology tools in place to comply with Solvency II and need to identify what is missing in order to meet the requirements.
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