From a financial management perspective, insurance has always been one of the most complex industries.
Recently, the European insurance industry has become even more complex with the implementation of the Solvency II regime. This regime went into effect in 2016 and introduced stringent capital and reporting requirements for all insurance companies with operations in the European Union. In order to meet the challenges presented by this (and any future legislation), insurers need to transform the finance function to shift from a backward-looking focus to a forward-looking, value-added capability.
To find out why an investment in the right technology is essential to support this finance transformation, read Deloitte’s white paper, “Enabling forward-looking reporting in insurance.”