ERM and Solvency 2 Discussion Forum
avantage Capita held a business breakfast in the form of a discussion forum that considered ways in which the need to demonstrate appropriate risk management capability and governance can be addressed through an ERM initiative that would incorporate the Solvency 2 programme.
avantage Capita held a business breakfast in the form of a discussion forum that considered ways in which the need to demonstrate appropriate risk management capability and governance can be addressed through an ERM initiative that would incorporate the Solvency 2 programme.
Andrew Nord, Director, ERM Solutions and Iain Wright, Director, Insurance services hosted and facilitated the discussion.
Presentations were made by Mr Chris Hibbert, Risk Operations and Development Director, AVIVA Plc; and, Mr Jason Sullivan Internal Audit Manager, AXA UK. They outlined the different approaches taken to the issues and challenges that their respective organisations face in implementing ERM and Solvency 2 programmes.
Their presentations were followed by a short presentation by Barry Smith, Managing Consultant, avantage Capita who identified some of the key lessons that could be drawn from the banking industry in implementing Basel 2 and how this experience may be applied to deliver an enterprise wide view of risk solutions that meet tight deadlines and high Stakeholder expectations (including regulators and rating agencies).
The floor was opened to the wider group providing an opportunity for participants to respond and contribute their own experience and viewpoints. The ensuing discussion provided participants to provide their own experience and ask questions of the presenters.
"I found the session useful to compare progress on Solvency II with other organisations and learn from each others experiences. I was also interested to hear the learning points drawn from experiences of Basel II" Jason Sullivan, AXA UK
Copies of the presentations can be downloaded by following the links below:
- Solvency 2 at AVIVA - Chris Hibbert, AVIVA Plc
- ERM and Solvency 2 Opportunities and Threats - Jason Sullivan, AXA UK
- Solvency 2 and Basel 2 - Lessons Learned - Barry Smith, avantage Capita
You may also be interested in our Practice note ERM and Solvency 2 - Separate or the Same Initiative?
