November 21, 2012
The group supervision in Solvency II context emphasizes the importance of a consolidated view of risk, capital and newly-established governance functions. It also increases the visibility and need for management of insurance risk mitigation activity at group level.
The Reinsurance function at group level meets this need. But the breadth of its role, between facilitator in circulating best practices across the group and manager of an internal reinsurance carrier, is a key organisational and structural decision to the insurance group.