What does Solvency II mean for Buyers? Philippe Gouraud Head of - PowerPoint PPT Presentation

C o m m e r c i a l R i s k E u r o p e , F r a n k f u r t , 2 N o v e m b e r 2 0 1 1 What does Solvency II mean for Buyers? Philippe Gouraud Head of Major Accounts Practice & Multinational Chartis Europe

Me Me Me … is it? What does Solvency II mean for Buyers? 2

What do buyers think about when they select their main insurance partner? Geography Price Capacity Breadth of Offerings What does Solvency II mean for Buyers? 3

Solvency II – 3 Pillars • Capital • Governance • Disclosure What does Solvency II mean for Buyers? 4

Solvency II – Capital Standardisation Vs Diversification What does Solvency II mean for Buyers? 5

Benefits of Standardisation What does Solvency II mean for Buyers? 6

Benefits of Diversification What does Solvency II mean for Buyers? 7

Will Solvency II bring the end of Mutualisation ? …or will it be harder for tough risks to hide? What does Solvency II mean for Buyers? 8

Solvency II – Governance Is it the end of Master Controlled programmes? Increased benefit of owned over rented network? What does Solvency II mean for Buyers? 9

Counterparty Risk: a new twist? Before 2008 – Not actively managed After 2008 – Awareness and active management by “de- risking” and spreading exposure Post Solvency II – Mutual benefit of insurer concentration vs risk diversification? What does Solvency II mean for Buyers? 10

To recap: Key impacts on Captive Owners vs. Key impacts on Corporate Programmes What does Solvency II mean for Buyers? 11

More or Less choice for you? What does Solvency II mean for Buyers? 12

Chartis is a world leading property-casualty and general insurance organization serving more than 40 million clients in over 160 countries and jurisdictions. With a 90-year history, one of the industry most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence. Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at www.chartisinsurance.com.