"Our Insurance platform is an established provider of business processing, products, services and software in international commercial insurance markets. We have over 900 customers worldwide and have 1,800 dedicated employees internationally, including the UK, USA, India and Malaysia. "
The Xchanging Solvency II Service
Solvency II will bring about fundamental changes in the regulation of insurers.
Solvency II represents the biggest change to regulation the insurance industry has ever seen, and is set to have a wide scale business impact. At the heart of Solvency II is the demand for comprehensive, compliant, and active risk management strategies and solutions which will rely upon sophisticated modelling systems.
Xchanging has partnered with leading technology providers to deliver a comprehensive solution that addresses an insurer’s Solvency II technology needs in one managed service. It is a low risk and flexible way to meet the infrastructure and software concerns of Solvency II, providing a platform for an insurer’s long term Enterprise Risk Management and regulatory needs. The Xchanging Solvency II Service delivers ‘tried and tested’ computing infrastructure and integration expertise which guarantees fast application performance, reliability and scalability.
As a service - based software delivery, the Xchanging Solvency II Service requires no up-front capital expenditure, no specialist skills in-house, is simple to maintain and it is easy to scale capacity in line with demand.
How does it work?
The Xchanging Solvency II Service is modular so it can grow and adapt as an insurer’s Solvency II programme develops, providing a unique level of flexibility. Modules and functionality can be added as needed to help meet the staged deadlines mandated in the regulation.
Xchanging is the exclusive provider of the Towers Perrin’s MoSes™ software as a managed service. To find out more about the Xchanging Solvency II Service or to arrange a demonstration, please contact:
Details to follow
Rebecca Dowbiggin
Email:solvencyII@xchanging.com
Telephone: 020 7780 5658
With a deadline of October 2012, insurers cannot afford to delay their preparations.