Insurance Market Update- April 2009

Welcome to this April edition of the Insurance Market Update, in which we focus on issues in the life insurance industry. Since our last publication, many firms have been busy publishing their preliminary 2008 results and continue to deal with challenging market conditions.

Despite the current economic environment, Solvency II remains high on many insurers' agendas as they begin their planning activities in earnest and consider whether they are going to take part in the FSA's dry run of the internal models approval process. As a result, our first article in this month's edition looks at Solvency II. It is a back to basics piece highlighting the key areas of focus for many firms over the coming months and the wider impact of Solvency II on insurance companies. Our second article looks at data quality and the business benefits of improving data quality. In particular, we look at the implications from a Solvency II perspective.