ISC launch Solvency II Healthcheck service Tuesday 13 June 2017 PDF Print Solvency II became fully effective in January 2016, following a delay of two years, allowing the industry to meet the challenges the regulation presented. With this extra time, the first delivery should have been a smooth and complete process; however, the reality is that this remains a major data challenge for all parties. The demands on Insurance companies, whether on the standard or internal model, remain and require large volumes of data where the testing of these models is likely to result in more data requests not provided during the first run. The data challenges facing firms can be categorised into three levels: 1. Aware of the regulations/data deliveries and have tested and completed dry runs; 2. Aware of the regulations/data deliveries but not have a tested model; 3. Those that are still not as prepared as they should have been for obtaining the data. Investment Solutions Consultants (ISC) offer a review process benchmarking data operating models in line with the Solvency II regulations. The data supplied to Insurance firms needs to be appropriate, complete and accurate, so the review would justify how each data delivery meets these criteria. ISC have been involved with major institutions delivering all components of the Solvency II regulations, for the initial target and the final deadline. This involvement has continued beyond that deadline, enhancing the data model by resolving issues and ensuring future proofing with increased flexibility. There have been several regulations impacting data delivery during this same period: AIFMD, PRIPs and MiFID II. ISC have been involved in the preparation and delivery of these regulations for our clients, assisting and enabling them to meet these additional data challenges. The lessons learnt from these projects provide invaluable understanding of the data delivery challenges for Solvency II. To find out more visit: http://www.iscltd.com/Solvency_II_Healthcheck.html ABOUT Investment Solutions Consultants Ltd ISC is a team of talented consultants providing trusted advice to the investment management community. We have a very strong blue-chip client base and carry out repeat assignments for our clients. This year Investment Solutions Consultants is celebrating ten years of excellence. Founded by experienced consultants a decade ago, ISC's goal is to provide sensible solutions to the challenges facing the investment management industry. Looking ahead to the next ten years, we aim to continue facing the challenges alongside our clients. We understand the end-to-end operating model of the asset manager and the vendor landscape that supports the industry. By deploying our consulting expertise, we help our clients to maximise the efficiency and effectiveness of their operations and technologies. ISC provides consulting skills and experience across the spectrum of investment management solutions - from system selection and implementation to operating model review and design; from programme and project management to business analysis; from front to middle and back offices; from investment managers to service providers. ISC is driven by the belief that the investment management community demands its consulting partners give value through providing quality resource able to grasp quickly the challenges and assist in delivering solutions. CONTACT INFORMATION Investment Solutions Consultants Ltd 68 Lombard Street London EC3V 9LJ t. 020 7096 1361 w. http://www.iscltd.com e. email@example.com This press release was distributed by ResponseSource Press Release Wire on behalf of Investment Solutions Consultants (ISC) Ltd in the following categories: Business & Finance, for more information visit http://pressreleasewire.responsesource.com/about.