Solvency II presents considerable challenges for insurers and asset managers in terms of asset data management. Yet it is an area which to date has received relatively little attention. This webinar, in conjunction with BNY Mellon Asset Servicing, brings together industry experts to examine how to meet the challenge.
Insurers face considerable challenges in meeting Solvency II's requirements on asset data management. The demands of the new regime in this respect are extensive, necessitating high levels of governance and supporting infrastructure in order to collect and manage the data, whether for solvency capital requirement (SCR) calculations or regulatory reporting purposes.
Asset data needs to achieve a high level of both granularity and integrity, and insurers will often need to manage multiple data sources and providers - both internal and external, such as third party asset managers. As a result, robust systems and controls must be in place.
Yet asset data management is an area which insurers have to date focused relatively less attention than other aspects of their business. Solvency II means that has to change. An effective strategy for managing asset data is not only essential, but if well executed stands to put an insurer at a competitive edge to its peers.
This webinar, in association with BNY Mellon Asset Servicing, focuses on the practical ways to meet the challenge. The speakers are:
• Peter Luckhurst, senior product manager, BNY Mellon Asset Servicing
• John Boggis, vice president, regional sales director, Eagle Investment Systems
• Daniel Gorton, Director, KPMG
• Randle Williams, group investment actuary, Legal & General
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