| 1. How would you describe your company? | Small and/or specialist
National
International
Global
Reinsurer |
| 2. Do you believe your company has a good understanding of the risk (including non-risk) to which it is exposed? | Very good
Good
Fair
Poor
Don't Know |
| 3. Which of these descriptions comes closest to the way you track and manage risk? | Spreadsheets or simple databases
Financial modelling
Fully embedded Enterprise Risk Management
No process in place |
| 3a. What resources do you employ to manage your risk management processes? (you may tick more than one answer) | Dedicated chief risk officer or equivalent
In-house actuary
Compliance department
Independent third party/consultancy
None of these |
| 4. How often do you assess the risk the company is exposed to? | Daily
Weekly
Monthly
Quarterly
Annually |
| SOLVENCY II | |
| 5. Do you feel the insurance industry is currently: | Over-regulated from a solvency perspective
Under-regulated from a solvency perspective
About right, the regulator does a good job!
Don't know |
| 6. Do you believe that Solvency II will: | Encourage a more accurate way of caluculating solvency capital that will benefit business
Provide a much-needed level playing field for solvency regulation across Europe
Impose a heavy regulatory burden with little business benefit
Don't know |
| 7. Where is your company in complying with Solvency II? | At the planning stage
Have started to implement the necessary measures
Have not started to seriously consider the question |
| 8. What resources will you put in place in order to meet the regulation? (you may tick more than one box) | Recruit a dedicated chief risk officer or equivalent
Employ a third party
Expand the actuarial department / recruit an acutary
Expand the compliance department
Other (please state)
|
| 9. If you are a multi-national company, will you implement Solvency II compliant processes outside of Europe? | Yes
No
n/a |
| 10. If so, which regions will you implement it in? | All your territories
Asia
North America
South America
Australasia
Africa |
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