Let’s map your progress along the Solvency II timeline
Is your company prepared for the far-reaching implications of Solvency II?
Without addressing tax risks as part of the Solvency II programs, companies can potentially implement Solvency II without adequately mapping the regulatory capital requirements against their specific risk profile. In the long term, this could have major implications on the business.
When establishing a risk framework for tax, we suggest you consider:
- Creation of a tax strategy linked to the overall business strategy
- Identification of tax risks across the breadth of the organization
- Assessment of tax risk and quantification of capital implications of risks where appropriate
- Management of tax risk by devising strategies to understand and control risk
Define, assess and manage your risks effectivelyThe Ernst & Young Enterprise Risk Management Framework can be used to assist multinational insurance groups successfully address tax risk in their organizations.
Solvency II services from Ernst & YoungWe can help you assess tax risks within your business and review your Solvency II plans to ensure that these risks are being addressed as much as possible within the program. Discover how we can help your organization achieve full compliance by 2012.