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By Pascal Föhr, Associate Partner, Audit Alternative Investments Martin Reinhard, Associate Partner, Risk Advisory, KPMG
On 1 January 2016, a new EU-wide insurance supervision system became effective. Affecting insurance companies first and foremost, Solvency II introduces a new solvency capital requirement (SCR), an Own Risk and Solvency Assessment (ORSA), and reporting requirements detailed in Qualitative Reporting Templates (QRT), all of which indirectly affect Alternative Investment Fund Managers (AIFMs). If AIFMs want to continue (or to start) doing business with insurance groups, it is essential for them to have a proper understanding of the above-mentioned requirements and how they might affect the asset allocation and reporting demands of insurance...
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