Embedded Risk Management

Risk management needs to be actually embedded in the day to day operations of your business to be effective and sustainable.

It needs to appeal to, and capture the attention of, operational line management by being unbureaucratic, focused on the areas of real risk to the business and help, rather than hinder, decision making. Many organisations find effective embedding to be the trickiest part of risk management.

At OOliba, we have developed a practical framework to do this. We provide practical solutions to overcome the challenges of embedding risk management using our suite based on risk modeling, risk intelligence and risk process modeling.

Fast and efficient Solvency II compliant

Implement Solvency II without pain ?  Check our cloud solution:

  • Economic evaluation of your balance sheet : assets, Best Estimates and risk margin
  • SCR calculation based on the Standard Model (including USP, if applicable)
  • Production of all QRTs related to the economic balance sheet, Best Estimates and SCR calculation
  • Meeting the actuarial function requirements

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Risk assessment for life insurance

Life insurance

Life insurance has the particularity that a total balance sheet approach over a multiple period time horizon is indispensable to grasp the inherent risk captured in sometimes very complicated products.
Whether your company uses a stochastic internal model or a non-stochastic standard formula for solvency II, the Risk Platform that will manage the modeling has to fulfil a number of very challenging requirements.
These requirements cover the input data and parameters, the actual model and the output and reports. Read More

Workers Compensation and Solvency II

Tracing and auditing are key factors within the Solvency II architecture.

An integrated model, based on the CBFA standard model, offers a clear view on the insurers risk management to executives as well as actuaries and external controllers.

Within the integrated model, input files are linked, manual and actuarial decisions are discussed and then reported.

The main challenge is however to combine several sub-models and systems into a coherent unit. This is more than vital for businesses as complex as the Workers Compensation Insurance, as this insurance involves about every technique described in Solvency II. Read More