Tuesday, 20 September 2011

Business Innovation and Skills department – “Strategic Report” – anything to borrow for SFCR/ORSA/RSR?

This came out in the week from the Business Innovation and Skills department in the UK - the recommendations clearly impact on the presentation of materials for listed entities, with a "Strategic Report" replacing the various patches of random guff that normally turn up in statutory releases to the market (boiler-plate and pretty offensive in its lack of stakeholder appreciation).

I'm thinking along the lines of Pillar 2&3 in the context of this, particularly if there are some economies of scale which can be generated by sharing information between the Strategic Report and ORSA/RSR/SFCR for insurers - one for your project plans maybe?

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