Solvency II
reporting survey 2018
Publications
Welcome to our second annual review of Solvency II reporting by 100 of the largest non-life insurers in the UK and Ireland.
We have taken a close look at the SFCRs and QRTs and have summarised the key findings for you in our report.
Our review reveals that financial strength remains generally good across the industry, but that individually some firms have seen large shifts in their capital cover over the last year. Many firms now highlight cyber as a key risk, as well as uncertainty about the impact of Brexit. Although some firms have taken the opportunity to improve the quality of their SFCRs this time around, there’s still a way to go to ensure that they are useful documents, as well as being compliant with the requirements.
If you would like to receive a hard copy of this report please contact us at enquiries@lcp.uk.com
How we can help
We work with insurers to help them better understand and manage the risks they face and their capital requirements.
We help organisations to unlock business value from their Solvency II processes.
LCP InsurSight is an analytics and automated trend identification tool for general insurance companies.
We provide an alternative, external view on the best estimate level of reserves for insurers and also help them understand the key drivers of variability around that best estimate.
We help our insurance clients to develop strong links between their strategy, capital management and risk management processes, improving their chances of business success.
Our business-focused approach to validation can help you be confident that your insurance models are robust, and that you are meeting regulatory requirements.