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Solvency II (2) Software

easy2comply Solvency II is a software application providing insurance companies with intuitive and effective operational risk management based on Solvency II Pillar I and Pillar 2 that integrates the operational risk management silos. This comprehensive solution is composed of the following 4 pillars:
  • Risk and Control Self Assessment (RCSA)
  • Loss Event Capture and Analysis
  • Key Risk Indicators (KRIs)
  • Scenarios and Simulations
Solvency II is a modular software solution with 2 options:
  1. You can choose to implement the entire solution
  2. Or start with only one or more pillars depending on your methodology.
Solvency II software allows you to:
  • Document your business and IT processes using sophisticated flowcharts
  • Perform risk and control self assessments (RCSA)
  • Correlate each risk to the relevant Basel and/or BBA Risk Categories
  • Document and manage internal loss events
  • Accumulate external loss data
  • Document and track KRIs (Key Risk Indicators)
  • Perform business impact analysis using scenarios
  • Qualify and quantify inherent and residual risk
  • Aggregate and drill down on risk status across multiple dimensions using dynamic dashboards
  • Calculate VaR using Loss Distribution Approach (LDA) for computing capital charges
  • Generate pre-defined or customizable reports
  • Run simulations
  • Manage workflow and remediation action plans , ensure follow-through, automate alerts and escalations
With easy2comply Solvency II software, you will be able to:
  • Increase the accuracy and visibility of your risk and control information
  • Facilitate a risk management culture in your organization
  • More quickly identify and remediate deficiencies
  • Reduce the cost and complexity of operational risk management
  • Optimize business performance

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  • Use our best practices to shorten your Solvency II implementation
  • Easily import your legacy Solvency II information
  • Adapt the software to your own Solvency II methodology
Solvency II Best Practices
  • 12 processes
  • 132 sub-processes
  • 152 risks
  • 607 controls
Here is a Solvency II process sample including sub-processes, risks and controls:
Order to Cash

 

 

 

easy2comply's Solvency II is affordable, reliable and easy2deploy!
And you can choose the way you want to manage your data on-site or on demand.

You can start using the Solvency II software free trial now and see how it helps you manage Solvency II processes.