ORR Innovation Awards 2011: Product of the Year

Wolters Kluwer Financial Services’ ARC Logics for Financial Services

mike-macdonagh

Insurance firms in Europe are now busily preparing to meet the looming deadline for implementation of the risk-based capital rules for the insurance industry, the Solvency II directive. Under the directive, insurers are tasked with creating an enterprise-wide risk management (ERM) framework as well as generating timely and accurate reports of risk and capital information, and integrating risk management into day-to-day decision-making. Such all-encompassing regulation needs an efficient tool