Altus

With the deadline extended until 2012, and their experience with the UK's ICAS scheme, British insurers could be forgiven for leaving Solvency II on the back burner. However experience with the Basel II regime for banks suggests that would be a mistake. To take advantage of diversification under Solvency II insurance groups should start now on gathering information about their risks and provisions across different legal entities and markets.

Altus's architectural approach ensures that work done now will be useful throughout your Solvency II programme, and beyond. By providing a consistent set of models which can be built up by projects over time our approach reduces the re-discovery required by new projects, and helps you move towards your target without requiring dedicated "blue-sky" architecture projects:

• Process models allow you to understand your processes and the risks associated with them - an essential input to your Solvency II models.
• Our data modelling approach ensures that information on assets and liabilities gathered across diverse parts of your business and markets is understood in a consistent way and made comparable.
• Our data provenance charts will help you understand how the information in your statutory reporting systems gets there, how reliable it is and where the process might need improving; allowing any problematic submissions to be identified and addressed.

Using our systematic approach to business architecture will help you deliver Solvency II whilst continuing to deliver your existing product and business change programmes.