Facing The Implementation Challenges Of The Solvency Ii Directive

This paper aims to bring together different perspectives and challenges that insurance companies will have to face when the Solvency II Directive will have to be implemented in January 1 st 2016. Starting with the quantitative requirements described in Pillar 1 of the Directive, a good risk management to support the insurers strategy and decision-making process and the implementation of the supervisory reporting, through partially or fully automated processes, this will all lead to a fundamental reform in insurance supervision and reach a new level of transparency, both for the authorities and the public.