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.
Thursday 26th June 2014 - 3pm BST
Insurance Risk in conjunction with IBM is organising 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.
Key discussion points will include:
- Exclusive results from the Insurance Risk / IBM survey -- Solvency II and the Cloud
- The benefits and weaknesses of a cloud solution for Solvency II
- Data security policies and regulatory concerns
- Model risk governance – the development of governance policies in relation to Solvency II models
MODERATOR: Rob Mannix, Editor, INSURANCE RISK
Panellists: Curt Burmeister, Head of Buy Side Products, Risk Analytics, IBM
Jorg Sauren, Internal Model Owner, NN Group