A comprehensive risk analytics framework for better risk decision making through higher-quality data, advanced analytics, faster internal and regulatory reporting, and transparency and auditability.
Meet evolving Solvency II compliance demands and gain a greater understanding of your company's risk and financial condition.
Ease the angst of Solvency II compliance.
Perform complex calculations to anticipate risks, then initiate control measures to maintain solvency ratios that satisfy regulatory requirements. A single solution lets you calculate standard model MCR and SCR requirements, as well as create regulatory and management reports for Solvency II compliance. And the solution's flexible framework grows along with you to meet evolving risk analysis needs.
Better understand your overall risk.
Formulate better risk decision strategies by understanding how economic factors will affect your balance sheet. Ensure solvency by stress-testing assets and liabilities for sudden and dramatic changes in market conditions. The solution's risk analytics framework supports an internal model approach for risk analysis and can be extended to support other regulatory regimes beyond Solvency II.
Create a cohesive risk data warehouse.
Access and consolidate historical data from almost any source – internal and external. An integrated risk data warehouse stores data related to asset and liability exposures, claims, reinsurance arrangements, economic and actuarial risk factor assumptions, and product configurations. Built-in data quality tools reduce or eliminate errors and inconsistencies. And a self-documenting auditing feature ensures transparency and traceability by tracking changes to data and risk models.
Quickly create reports for management and regulators.
Customizable dashboards and the solution's data point model help streamline and automate Solvency II reporting processes. An extendible validation rules engine includes more than 600 predefined intra- and interreport validation checks based on the latest EIOPA specifications. Predefined templates and web-based ad hoc reporting capabilities empower users at any level to disseminate risk information to regulators and senior management.
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