MAZARS Malta and MAZARS UK, member firms of international auditing and advisory firm MAZARS, will be organising a seminar entitled 'Solvency II - Completing the Circle'. This event, which is scheduled for the 23rd September, will hone in on the implications of applying Solvency II for the insurance industry. Particular attention will be given to strategies designed to ensure that firms in this sector stay ahead of the curve when dealing with competitive pressures, enhanced scrutiny and the need for agility.
Commenting on the seminar, Alan Craig, Partner Advisory Services at MAZARS Malta, stated that "Solvency II has turned the insurance industry on its head. With the go-live date fast approaching and firms at various stages of the implementation cycle, we have decided to host a 'Completing the Circle' seminar with a focus on the future of the insurance industry". He added that the seminar will concentrate on the final and most crucial hurdle facing firms in this sector: the relationship between the Three Pillars.
Experts from the MAZARS UK actuarial team, namely Michael Tripp, Gez Llanaj and Dale Lee, will demonstrate how firms in different stages of the Solvency II life-cycle can take advantage of advanced analytics to hone business plans and strategies in the context of the new scenario. Michael Tripp, head of the MAZARS UK actuarial team, explained that "by utilising MAZARS' suite of solutions, participants will become acquainted with the Horizon Capital model, which has been successfully utilised across the world. This model has already aided companies with regard to capital optimisation, asset and liability management, and investment optimisation, alongside the restructuring of reinsurance strategies, thus ensuring that companies stay ahead within the new regulatory environment".
Participants are expected to include a cross-section of decision makers, including chief executives, directors, finance managers, risk and compliance officers, and consultants representing local insurance firms as well as captive insurance companies.