The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis, encouraging insurance companies to consider use of the cloud and the benefits that doing so can bring. Firms are also beginning to review the governance structures around their Solvency II models, considering what policies must be in place for example when a model is to be updated or changed.
Insurance Risk in conjunction with IBM organised an audio webinar examining how insurance firms are addressing these challenges. The webinar will also discuss the results from a recent survey conducted by Insurance Risk and IBM specifically on use of the cloud in relation to Solvency II programmes.
Discussing the issues are:
- Moderator: Rob Mannix, editor, Insurance Risk
- Curt Burmeister, head of buy-side products, IBM Risk Analytics
- Jorg Sauren, Internal Model Owner, NN Group