Summary: Tony Boobier and Hugh Wallis discuss the impact of Solvency II regulations on the insurance industry in Europe. As of 2016, Solvency II requires mandatory risk reporting, but many European insurers face significant challenges handling the massive amounts of data they must submit to be in compliance. Advanced reporting tools that use Extensible Business Reporting Language (XBRL) give insurers the confidence to meet this mandate, while saving valuable time and IT resources.
