Data in the value chain

The insurance industry is currently under a lot of strain with increased regulation and the pressure to reduce operational overheads. Solvency II, for example, may have a tendency to drive an increase to the capital reserves but at the same time, under Beps, captives have to make sure not to carry excessive capital reserves as that may be seen as tax evasion. These challenges for global insurance programmes need to be met head on by all the participants in the value chain, especially the captives and captive managers, and this drives an increasing dependency on comprehensive data that is reliable and auditable...

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