Mike Learned, vice president of product management, SunGard Insurance
Recent turmoil in financial markets has prompted global insurance regulators to consider sweeping reform designed to protect policyholders and promote confidence in the financial stability of the insurance sector. Today, most insurers manage risk data within each discipline without a cohesive view of the exposure throughout the business.
Solvency II, in Europe, introduces new guidelines for risk management and requires insurers to implement procedures to identify, measure, and manage risk levels. Worldwide, insurance regulators, including those in the U.S., are looking to the principles of Solvency II to provide a blueprint for similar regulatory changes.
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