The original solvency directives for the European insurance industry had a number of weaknesses and limitations. Now, insurers are preparing to implement Solvency II. By taking an early, proactive stance toward implementation, insurers can improve business intelligence and management information systems, and achieve sustained competitive advantage. This paper describes what it will take to comply with Solvency II, explains why enterprise risk management is the foundation of successful implementation, and illustrates how SAS® technology can help.