AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
(From Post Magazine)
I would echo many of the comments made in the recent article about compliance with regulations like Solvency II (PM, 24 June 2004, p6). In fact, in our experience, the market is keen to realise the opportunities brought about by new regulation.
New research among compliance and IT heads, conducted by Datamonitor, found that nearly all UK financial services and insurance companies are already viewing regulatory compliance as a positive opportunity for change, with only 5% considering it to be a burden. This suggests that insurance companies are poised to address compliance head on, rather than simply running the course.
What the Datamonitor research also highlighted, however, is that insurers may face difficulties in crossing the chasm between what can be achieved as a result of regulatory compliance and the reality of how to achieve it. The research also found that, while 40% cited compliance as an opportunity to address operational efficiency improvements, only one ...