Oct 22, 2012
BADEN BADEN, 22 October 2012 – Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), has launched the ‘CRO Guide to Solvency II’ to help chief risk officers (CROs) maintain a competitive position and boost financial strength while meeting regulatory compliance. The report aims to unravel the complexities of Solvency II and provide practical advice for a successful implementation.
The guide provides a high level overview of the current Solvency II landscape and highlights the key areas of best practice. Equally, all insurance company professionals involved in Solvency II can benefit from the insight to help better understand the demands of the CRO and how to optimise the flow of information to the board level.
The publication is structured around the three pillars of Solvency II under the themes of capital management, risk management and data quality. Key pieces of advice in the guide include:
Marc Beckers, head of Aon Benfield Analytics for EMEA, said: “Regardless of the actual implementation date of Solvency II, the CRO will still be accountable for driving the success of risk management within an insurance company. The CRO’s responsibility reaches across the three pillars and their role is crucial in shaping the business to be successful under the forthcoming new regime.
“Furthermore, the CRO connects and collaborates with the roles across an insurance company – from board to actuary or catastrophe modeller – that are involved in achieving and embedding regulatory compliance. Our guide highlights some of the key challenges firms face, setting out best practice to overcome these hurdles in the most effective way.”
Notes to editors
Download the CRO Guide to Solvency II here: http://thoughtleadership.aonbenfield.com/Documents/201210_cro_solvency_II.pdf
About Aon Benfield
Aon Benfield, a division of Aon plc, is the world’s leading reinsurance intermediary and full-service capital advisor. We empower our clients to better understand, manage and transfer risk through innovative solutions and personalized access to all forms of global reinsurance capital across treaty, facultative and capital markets. As a trusted advocate, we deliver local reach to the world’s markets, an unparalleled investment in innovative analytics, including catastrophe management, actuarial and rating agency advisory. Through our professionals’ expertise and experience, we advise clients in making optimal capital choices that will empower results and improve operational effectiveness for their business. With more than 80 offices in 50 countries, our worldwide client base has access to the broadest portfolio of integrated capital solutions and services. To learn how Aon Benfield helps empower results, please visit aonbenfield.com.
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 62,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world’s best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon’s global partnership and shirt sponsorship with Manchester United.
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