London & Capital has launched educational roadshows across Europe to help prepare European insurers ahead of the upcoming Solvency II regulations.
The wealth manager is working with local insurance associations to discuss the challenges ahead for small insurance companies and captives in a series of roadshows set to take place in June.
Solvency II requires a top-to-bottom review of capital management, risk modelling and reporting processes.
This will include specific challenges relating to investment portfolios and will require changes to portfolio modelling, construction and reporting.
In conjunction with the roadshows and to overcome some of the challenges ahead, London & Capital has launched its Compass offering to meet the demands captives are facing in the run-up to the end of the year.
Compass identifies key investment needs and requirements for the transition, as well as the ability to review existing portfolios.
In light of Solvency II, this includes analysis of capital-weighted returns and volatilities and is intended position portfolios in line with market cycles and the wider macro environment.
William Dalziel, partner and head of institutional clients at London & Capital, commented: “Solvency II is a complicated piece of legislation and one that has caused some concern among insurers in the EU.”
“Captives in particular are likely to suffer under it and we’ve created Compass to offer a solution for those companies which are faced with navigating the complex changes.”
London & Capital recently hired Malcolm Cutts-Watson, former deputy global CEO of Willis’s Global Captive Practice, as a consultant to help London & Capital further understand the needs of the European insurance market.
