Solvency II has detailed and prescriptive outsourcing requirements for insurers.
Insurers who outsource an activity or function remain fully responsible for meeting all Solvency II requirements. Additional obligations apply where an insurer proposes to outsource critical or important functions.
Our specialist advisers have significant experience of working with insurers to assess and implement outsourcing arrangements.
Our services include:
- Drafting and reviewing written outsourcing policies
- Drafting and reviewing outsourcing agreements for compliance with Solvency II.
- Assisting insurers who propose to outsource critical or important functions with the required notification to the Central Bank of Ireland.