First, that it is indeed delivering its core objective of requiring front line supervisors to think critically about the risks present in insurance firms and to do so in a structured and consistent manner. This is therefore flushing out issues and concerns, improving standards of risk management and compliance.
Second, the process is resulting in mitigation plans that seek to tackle the risks identified in a time-bound and decisive way. One of the criticisms of supervisors in the pre-crisis period relates to a tendency to keep studying a risk, kicking the can down the road, rather than being more decisive in terms of actions.