How Aspen Used Collibra to meet the Solvency II Challenge
Aspen Insurance is a leading insurance and reinsurance company with a global footprint. Like many such companies, a European presence means that Aspen has to comply with Solvency II requirements. Solvency II is a pan-European insurance regulatory initiative that is primarily focused on the capital that must be held to reduce the risk of insolvency. However, Solvency II goes beyond traditional regulatory approaches to mandate a great deal of specificity about data management practices. The reason is simple – the regulators want to be sure that the data provided to them can be relied on. This specificity posed a challenge to Aspen, which had to quickly move to mature its data management practices.