Risk Management
More and more, risk analysis is becoming an integral part of every insurance company’s business strategy. Recent laws (Basel II, SST, Solvency II) mean financial institutions must offer more transparency and prove solvency by analysing their risks. As such, insurance companies face two key challenges. Firstly, they must provide the required information in order to be legally up-to-date. Secondly, increased transparency means that customers will have a clearer picture of the insurance market – making competition ever fiercer.
Leading insurance companies are integrating dash-boards into their business models to give themselves a better vision of the main challenges in the market. And, at the same time, risk management offers companies a clearer view of their organisation and helps managers to take the right strategic decisions at the right time.
Thanks to its extensive experience in the domain of insurance and contingency, Orbium is familiar with the different types of work processes and data structures in the sector. That expertise allows us to analyse an insurance structure and provide an accurate risk analysis that will both anticipate and reduce operational and market risks by proposing mitigation measures.
We support projects in the following domains:
- SST, Solvency II compliance
- ALM analysis
- Stochastic analysis via Monte-Carlo simulations
- Definition of internal models
- Management dash-boards.