Use of Internet Explorer 6/7/8

You are using an old version of the Internet Explorer that is no longer supported. Please use a newer browser version. If you are missing the rights to do so, you can also enhance your Internet Explorer by installing the add-on called Google Chrome Frame. The extension allows you to display web pages that are no longer support by Internet Explorer. You can download the add-on here.

Solvency II

Risk-based equity capital requirements

The objective of the European Commission’s Solvency II project is to introduce risk-based equity capital requirements (Solvency Capital Requirement, Pillar 1). These new regulations are supplemented by qualitative requirements (Pillar 2) and reporting and disclosure requirements (Pillar 3).

Insurance companies are required to demonstrate to the supervisory authorities that their risk management systems and methods are safe, reliable and transparent. To protect policyholders from the potential consequences of an insolvency of their insurer, the supervisory authorities will step in if the solvency capital of an insurance company falls below the solvency capital requirement or even the minimum solvency capital.

Developing a user-specific reporting

At ConVista, Solvency II is not just about providing a technical solution for a single pillar. Our company offers a comprehensive end-to-end solution. This means creating an integrated Solvency II architecture in SAP. Various tools are available to meet the specific Solvency II requirements of each insurance company:

  • For Pillar 1: SAP Insurance Analyzer and SolVentos based on SAP Business Warehouse
  • For Pillar 2: SAP GRC
  • For Pillar 3: SAP Disclosure Management for qualitative reporting and SolVentos for quantitative reporting

  • Solvency balance sheet
  • Support with and implementation of the solvency requirements of Pillars 1-3 of Solvency II
  • SolVentos (Solvency II, Pillar 1 and 3)
  • SAP Insurance Analyzer (Solvency II, Pillar 1)
  • SAP Disclosure Management (Solvency II, Pillar 3)
  • SAP GRC (Solvency II, Pillar 2)