SAS AND CRYSTAL SYSTEM EMPOWERING SOLVENCY II FIAR - THE INTERNATIONAL INSURANCE-REINSURANCE FORUM 2014, BRASOV

Transcription

1 SAS AND CRYSTAL SYSTEM EMPOWERING SOLVENCY II FIAR - THE INTERNATIONAL INSURANCE-REINSURANCE FORUM 2014, BRASOV

2 HIGH PERFORMANCE ANALYTICS

3 CRYSTAL SYSTEM 2001 Crystal System Bucharest Near-Shore factory Factories SAP ABAP Business Intelligence Web Technologies Opening the Crystal s SAP Education Centre in ASE Bucharest and in ASEM Chisinau FIAR 2014 Crystal SAS for Solvency II 2013 Crystal Key Figures: 230 Employees 5,5 M Turnover 2014 Crystal ASE - SAS Solvency II Seminar 2014 Crystal - ASE - SAS Business Intelligence Academy 2013 SAS Crystal System Partnership and Crystal Bucharest SAS Hub

4 SAS END TO END INFRASTRUCTURE SUPPORTING PILLAR 1 AND 3 SAS RMFI RISK MANAGEMENT FOR INSURANCE

5 END-TO-END INFRASTRUCTURE Risk Quantification Reporting Historized Solvency II Data Models and processes Health Market Life P&C Group Risk Assessment (Group Aggregation) Incl. Counterparty default risks, operational risks and other risks SCR - Internal model approach SCR Standard model approach Health Market Life P&C Group Risk Assessment (Group Aggregation) Incl. Counterparty default risks, operational risks and other risks Internal Reporting For the ability of managing simulations, models and predictions External Reporting for Regulatory Purpose and Public Disclosure (QRT-Reports, ORSA, SFCR, RSR) Auditability Governance, Data Quality, Documentation, Traceability

6 END-TO-END INFRASTRUCTURE Risk Quantification Reporting Historized Solvency II Data Models and processes Data Integration Insurance Data Model Contains all the relevant core data (Technical Provisions, Financial Data, ) Historisation / Archival Storage Risk Model Data Dictionary Solvency II Configuration Data Data Extracts Data structure according to organizational chart Reporting Model Historized database for QRT-Reports and internal reporting Transparent, traceable dataflow Aggregation per due date Automatic transfer risk calculation results Data Quality Interfaces to all usual data sources Documentation of the ETL processes Programming via GUI or direct coding Tools for Data Quality Checks Documentation of the Data Quality processes Auditability Governance, Data Quality, Documentation, Traceability

7 END-TO-END INFRASTRUCTURE Risk Quantification Reporting Functional Components Risk Reporting Firmwide Risk Aggregation Underwriting Risk P&C Insurance Life Insurance Market Risk Historized Data Storage Market Interest rate Equity Property Spread SLT Mortality Longevity Disability/ Morbidity Adj SCR BSCR Health Default Life Non-Life Intangible CAT Non SLT Health Premium Reserve Lapse Mortality Longevity Disability/ Morbidity Lapse Op Premium Reserve Lapse CAT Currency Lapse Expenses Concentration Illiquidity Expenses Revision Revision CAT = included in the adjustment for the loss-absorbing capacity of technical provisions under modular approach Auditability Governance, Data Quality, Documentation, Traceability

8 END-TO-END INFRASTRUCTURE Risk Quantification Reporting Reporting External and internal reporting Regulatory QRT-Reports Scenarios and simulations Internal Reporting For managing simulations, models and predictions Reporting Tools Web- Interface for Developing and Displaying Reports Export as Flat-Files supporting XBRL-Format OLAP Functionality (drill-down) Ad-Hoc Analysis-Tools (MS Office Add-In, Enterprise Guide) External Reporting for Regulatory and Public Disclosure (QRT-Reports, ORSA, SFCR, RSR) Auditability Governance, Data Quality, Documentation, Traceability

9 THANK YOU FOR ANY INFORMATION CONTACT Sabato Ruocco SAS Unit Manager Mob.: Mob.: Sabato.Ruocco@crystal-system.ro Daniel Pana Country Leader Tel: Mob.: Daniel.Pana@sas.com