Health-Check Process We’ve just released a tool called the Solvency II Health-Check Process (HCP). HCP is a sophisticated toolkit predicated on many hundreds of pre-set, Solvency II related questions, ranging from high-level conceptual to ‘deep-dive’ detail.
How are Captives Different? Many people working in the insurance sector of Financial Services recognise that captives are different to other parts of the industry. They’re established by their customers to serve their own particular insurance requirements, meaning that they don’t sell to consumers or to businesses outside of their affiliates.This has an obvious effect on the operational drivers and structures of such companies, and their resultant asset/liability management and governance strategies have been developed for this particular type of business. Reporting requirements have also historically been an area where captives and other insurers have differed, with other insurers having, in particular, a far greater public reporting burden.