The Brussels office serves clients across the European continent and internationally, with a special emphasis on advising insurance companies that are coming to grips with the European framework for prudential supervision and regulation known as Solvency II and its wide-ranging business implications.
Alberto Corinti, a former senior European insurance regulator, heads our Brussels office. He joined Promontory from the European Insurance and Reinsurance Federation (CEA) where he was Deputy Director General, with direct responsibility for prudential regulation and supervision under Solvency II. He has also served as Secretary General for the Committee of European Insurance and Occupational Pension Supervisors (CEIOPS, now EIOPA), and in various managerial roles in the Italian Insurance Supervisory Authority (ISVAP).
Promontory’s capabilities in Brussels include:
- Support in dealing with regulatory and enforcement issues, including assistance in understanding and meeting evolving supervisory expectations.
- Developing effective compliance frameworks and functions and supporting their implementation.
- Reviewing governance frameworks, information and operational flows and supporting board members’ oversight and decision processes.
- Improving the effectiveness of risk management and internal control systems.
- Strengthening data-related processes and quality control as well as risk measurement methodologies.
- Support in defining business strategies and taking policy decisions.
- Providing regulatory intelligence at the local and international level.
- Preparing insurance regulators and insurance firms for Solvency II or Solvency II-equivalent regulation and supervision, including training, internal model pre-application support, and third-party validation of model effectiveness.
- Preparing studies regarding market trends and legislative initiatives.
- Providing strategic advice regarding emerging financial and regulatory issues.