Solvency II and IFRS 4 Phase II

Pillar III reporting requirements; Data quality and systems challenges

Insurance organizations planning for Solvency II implementation must also factor in the proposed new international reporting standards under IFRS 4 Phase II. Please join Ernst & Young for a two-part webcast, as we explore Pillar III reporting requirements along with data quality and systems challenges. Insurers will have to consider a wide variety of factors affecting both regulatory initiatives.

Part I: Pillar III

In the first hour of this live event, we will delve into the key issues surrounding Pillar III, including:

• Methodical approaches to prepare for Pillar III’s requirements
• Identification of data gaps
• Key measurement differences in IFRS and Solvency II
• Critical success factors for implementing IFRS 4 Phase II alongside Solvency II

Part II: Data quality and systems

In part two, we’ll cover data and systems. Our panelists will discuss:

• A pragmatic approach to Solvency II data quality
• Using technology for effective data management
• Internal model validation
• Developing a remediation plan