Solvency II Governance

Solvency II represents a significant step forward to demonstrate Board ownership of risk, capital and decision making. At the centre of the framework companies must demonstrate how risk management awareness is embedded throughout the organisation and used in practice. We have supported our clients to achieve this enhanced level of transparency implementing roles and responsibilities across Board Committees that uses the Internal Model to ensure they remain operationally effective and proportionate in their business as usual responsibilities.

Our relationship and understanding of our clients has supported the development of clear information streams. Our clients benefit from governance structures and the Risk Management Function that evidence how the USE of the internal model forms part of business as usual operations. Our services have also helped clients to strengthen their Risk Management functions and evidence clearly how it challenges effective decision making based on effective risk capital management as a second line of defence function.

Creating an effective governance framework that places risk at the centre of the business model whilst ensuring that the focus remains aligned to business management is an area where further opportunities to increase efficient decision making and escalation processes can be achieved.