Solvency II presents major challenges for the insurance industry, as all insurers operating in the European Union must submit a complex set of quarterly and annual reports to the respective EU supervisory authorities in each country. Most insurers underestimate the complexity of Solvency II reporting; furthermore existing IT systems are not designed to fulfill Solvency II requirements.
Read more: http://www.computerworld.ch/news/software/artikel/versicherungs-software-fuer-solvency-ii-58375/
Note: This article is available in German only.