X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Nearly 30% of senior investment managers at global insurance companies say they are concerned about the ability of their current legacy systems to meet their future regulatory requirements, according to a recent survey by Northern Trust. The study highlights the challenges insurance companies face with complying with the Dodd-Frank Act in the U.S. and the Solvency II directive in Europe.

Northern Trust surveyed more than 250 senior investment managers at global insurance companies with more than $1 billion in assets in the U.S. and Europe. The survey asked how insurance companies are currently managing their investment operations infrastructure, and what they expect will be the best way to meet future needs, particularly in an era of regulatory change and financial pressure.

The study found 51% of respondents feel their current operational infrastructure processes perform well, while 16% feel they perform extremely well. However, when asked about the ability of their existing processes and systems to meet future regulatory requirements, 29.9% say they are concerned about their systems being able to comply with Dodd-Frank and Solvency II.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.