Thomson Reuters in partnership with Solvency II Wire has unveiled an online diagnostic tool to help asset managers and insurance assess readiness to comply with Solvency II regulatory obligations.
The tool will take less than 10 minutes to complete and provide users with the information they need to determine their state of readiness to address Solvency II, Thomson Reuters claims.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The tool features contextual information on Solvency II throughout the diagnostic process and the output, a personalized report, includes data to identify any information gaps.
The product, which expands the company’s service offering, is part of an integrated suite of risk management products and solutions.
Thomson Reuters global head of financial regulation solutions Tim Lind said: "This tool will aid practitioners in better addressing their state of readiness for Solvency II and is a valuable informational tool."
Solvency II Wire editor Gideon Benari said: "This collaboration will provide valuable information from the industry, which combined with the regulators’ perspective will deliver a broader and better rounded picture of the state of implementation across Europe.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"In the run up to the 2016 implementation deadline, Solvency II is becoming a growing factor in the business decision and planning of insurance firms," added Benari.
