Insurance Services Outsourcing

Insurers in Europe will see the advent of a new regime, come 2012 ─ Solvency II. Its predecessor and European Union’s regulation, Solvency I, which came into effect in the late 1970s, laid out a simple, but robust framework for assessing capital requirements of insurance companies to pay potential claims in the future. Since then, insurance portfolios have undergone changes, and markets have evolved.
This document aims to understand the nuances of the regime and the challenges in the path ahead.