Syndicate Workstreams
Lloyd's preparation for Solvency II is split into seven work streams, each comprising of their own set of key deliverables that must be met by the Market.
Regulatory Information
View all 'Regulatory Information'Below you will find information and guidance relating to these work streams:
Overall Approach
Sets out the high level plan in respect of the requirements for managing agents’ preparation for Solvency II
Valuation and Balance Sheet
Focuses primarily on the valuation of assets and liabilities, excluding technical provisions.
Technical Provisions and Standard Formula
Focuses on ensuring syndicate models produce an appropriately calibrated SCR and that models are demonstrably compliant with the relevant tests and standards of the Directive.
Governance, Risk Management and Use
Focuses on ensuring the Internal Model is adequately controlled and robust processes and governance structures are in place.
Reporting and Disclosure
Focuses on the framework, process and systems that agents need to have in place to meet the relevant requirements.
Documentation and Final Application
Focuses on ensuring the quality and integrity of the overall LIM application by ensuring that all agents prepare sufficient and appropriate evidence.
Previous Solvency II Guidance
Access previous Solvency II Guidance including information on Gap Analysis, Implementation Plans and QIS 5.
SII and Risk Assurance
2015 Guidance and Plan
Sets out Risk Assurance information for managing agents on the published 2015 timetable and the individual deliverables included.
Download
2015 Timetable
Sets out Risk Assurance information for managing agents on the published 2015 timetable and the individual deliverables included.
Download