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Daily Insurance Industry News
Monday 16th of July 2018
October 12, 2010

Northdoor launches Solvency II checklist

by Gill Montia

Story link: Northdoor launches Solvency II checklist

Northdoor has unveiled its “Solvency II checklist” for use by compliance and IT departments within insurers, brokers and managing general agents.

The UK and Ireland-based consultancy says the solution will give companies an accurate picture of their progress along the road to meeting Solvency II regulations.

Having worked with a range of companies in the London and general insurance markets, Northdoor claims the new offering has been designed from experience of “real-life challenges” faced by businesses.

Director of consultancy, Rob Stavrou, comments: “While we hear a lot of discussion around the deadline pressure and possible technology tools, very few have the practical experience and methodology to assist the insurance companies throughout the change.”

He adds: “We wanted to develop this checklist so companies … can have a clear picture of where they are right now, and where they need to get to and how to get there.”

The checklist covers three key areas: data, technology and business processes.

 

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