info@tools4f.com | +420 604 294 866

   
     
 
 

Compact Solvency II solution

 

Actuarial company Tools4F has joined forces with Adastra and Adastra Business Consulting in the area of Solvency II. The combination of a stable background of the large international consultancy firm and a unique know-how of the dynamically evolving actuarial company put the ground to the creation of a comprehensive, practical, real-world solution that addresses all aspects of Solvency II calculations, data processing, reporting and ORSA. 

Key principles of the Compact solution are:

• Made to be implemented as easy as possible
• Includes all the parts necessary to be SII compliant
• Manageable in a short period of time – typically 2-3 months
• Acceptably priced – tens of thousand EUR
• Full actuarial and IT support during the project
• Allows for further development

Solution is very well suitable for MID and SMALLER companies.

We will be pleased to provide you with much more information, just let us know. For now, you may want to check a highlights of the flagship of our solution which is Standard Formula Calculator & Quantitative Solvency II Reporting tool or see a video demonstration of the calculator.

Download short leaflet on our compact modular Solvency II solution here.

Want to know more about Solvency II in general? We are continuously keeping track of the new developments, we have comprehensively structured and put forward the links to all legislative documents. For all of these information please refer here.

Direct contact for Solvency II: Martin Janeček

 

SII related references

1. Companies

CSOB Pojistovna, a. s. - KBC group (insurance, CZ)
CSOB Poistovna, a. s. - KBC group (insurance, SK)
Pojistovna Ceske sporitelny - Vienna Insurance Group (insurance, CZ)
SID - Prva kreditna zavarovalnica (SLO)
Czech National Bank (insurance regulator, CZ)
Slovak National Bank (insurance regulator, SK)
KPMG Slovensko spol. s r. o. (auditor, SK)
Zavarovalnica Maribor (insurance , SLO)
Triglav (insurance, SLO)
Kooperativa - VIG Group (insurance, CZ)
VIG Group – (insurance, BUL)
Generali PPF holding (insurance CZ, SK)
Ceska pojistovna – Generali group (insurance, CZ)
Chartis – AIG group (insurance, BUL)
Agram – CRO
Wuestenrot pojistovna (insurance, CZ)
Wuestenrot pojistovna (insurance, SK)
Komercni pojistovna – Societe General Group (insurance, CZ)
Poistovna Postovej Banky (insurance, SK)
Tatra poistovna (insurance, SK)
Economic University in Prague CZ
Mondial Assistance (insurance, CZ)
Hasicska Vzajemna pojistovna (insurance, CZ)

 

2. Service provided:

Sophas license
Appointed actuary
Head of risk management
Head of SII implementation project
Implementation of NL stochastic internal models
QIS3-5 calculations
“SII” risk reporting
Design of internal controls
Creation of assets model in Prophet
Description of life BEL calculation for validation purposes
ESG testing
SII results comparison with the KBC group (CZ vs. SK)
Mortality projection
Creation of life cash flow model in Sophas
Creation of assets model in Sophas
Standard Formula Calculator implementation
NL stochastic internal model creation
QIS5 consultation and review
SII gap analysis – all pillars
Operational risk self-assessment – part of ORSA
Risk management dashboard
Creation of life cash flow model in MS Excel (Visual Basic)
Licenses of the following Tools4F tools:
            Yield Curve fitting
            Assets model
            ESG simulation
            ESG calibration

 

If you have any questions please use the contact form below.

   

Files to download

SFCRep&QSIIRep_leaflet_11.5.16.pdf 273.451 kB
 
   
Contact us

Office
t: +420 604 558 695
e: info@tools4f.com

Martin Janeček
t: +420 604 294 866
e: janecek@tools4f.com

 
 
 
 

CONTACT US | We will seriously reply to all your hints/questions. Contact us!

 

 
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