The submission of the first annual returns under Solvency II: a presentation of the Central Bank of Ireland's validation approach and early lessons
- Assessing data quality
- Identifying the root causes of variations in the quality of submissions to date
- Putting controls in place to mitigate risks to the quality of reporting
- To what extent has the review, and governance processes within firms been validated or shown to be ineffective?
- Ensuring integrity of data from origin to final reporting
- Meeting the dual requirements of "fit for purpose" and "right first time"
Dr Allan Kearns, Head of Insurance Analytics, Central Bank of Ireland