Technology behind solvency calculations : risk based capital in Sri Lanka
The Digital Insurer tends to focus on consumer facing technology. However, given the actuarial heritage it will ocassionally look at specialist technology
Hugh Terry from Insight Consulting had the pleasure of giving a presentation on “Risk Based Capital : Making It Happen” to the Insurance Association of Sri Lanka on 13th November 2012.
The main theme of the presentation was to identify the work required by life insurers to comply with the new regulations. Not surprisingly one of the main investments required by many of the insurers is investment in technology.
In addition the industry needs to be very careful in transitioning to a Risk Based Capital regime – and is in danger of prematurely adjusting solvency regulations to align with changes in accounting regulations that could leave the industry under-capitalised.
See below for the full presentation