MBE Consulting
Using TRANSKAP To Achieve Transparency
Using TRANSKAP To Achieve Transparency
Problem Statement - A mutual insurer needed to perform a look-through analysis of its funds and Standard Formula SCR calculation in order to meet Solvency II reporting requirements
MBE Solution - MBE implemented an automated, end-to-end solution, utilising the MBE proprietary software, TRANSKAP, allowing the client to:
integrate the required data from various sources
standardise, transform and store the data
automate the calculation of the Standard Formula asset stresses, and the integration into existing liability models
meet Solvency II reporting requirements, and provide risk MI across the organisation
Results and Benefits
Improved transparency across the whole process
Significantly strengthened overall Risk Framework, with consistent information across the whole risk management cycle
Cost-saving reduction in resource requirements and production timelines
Company details
- Incorporated:
- 02 July 2008
- Industry:
- Financial and professional services
TRANSKAP really allowed the organisation to get to grips with this challenging regulation, and gave us the transparency required to understand our current situation.Chief Actuary