The video presentations and slides from the recent Solvency II Solutions Seminar, held May 24 in London, United Kingdom, are now available on our web site.
We would like to thank all the delegates who joined us for this event and also the ICMIF Supporting Members who organised and hosted the event for our members.
In his keynote speech , advocate for the mutual sector and leading insurance specialist, Jonathan Evans, MP, praised the sector for its commitment to its customers’ long term interests and urged it to further challenge its boards’ expertise in Solvency II.
Talking to ICMIFTV after the event Jonathan said that there would be real benefits for mutual and cooperative insurers coming out of Solvency II implementation. There will be better risk management and governance in the mutual sector.
The seminar presentations were delivered by ICMIF Supporting Members, all of whom are mutual insurance specialists, and panellists from ICMIF member organisations. The contributing Supporting Members were:
- Global reinsurance broker – Willis Re
- Multi-line re-insurer – PartnerRe
- The world’s oldest insurance rating agency – A.M. Best
- Global financial services risk management consultants – Risk Dynamics
- One of the world’s leading global investment managers – Invesco
During the panel discussions and presentations that took place it was clear that the mutual sector was keen to embrace all of the challenges of the new regime and look for ways that the new regulation could help strengthen their risk management controls and ultimately their relationship and affinity with their members and customers.
Panellist, Julian Skelton, Financial Risk Manager, NFU Mutual, UK, said: “Ultimately Solvency II will promote risk management amongst senior management and their boards. This can only lead to better business and ultimately an improved outcome for our members.”