SlideShare une entreprise Scribd logo
1  sur  5
Télécharger pour lire hors ligne
VIZOR SOFTWARE
FOR SOLVENCY II SUPERVISION
Automate the entire Solvency II Supervision Process with Vizor Software,
a comprehensive out-of-the-box supervision solution for Solvency II
Vizor is the leading global provider of supervision software for financial regulators.
Solution Highlights
– Collect & validate quantitative (QRT) and qualitative data from insurance undertakings
– Review, analyse and approve submissions
– Assess undertakings’ SCR/MCR, System of Governance, ORSA, and Risk Profile
– Analyse, aggregate, summarise and publish quantitative data
– Share data with other supervisors using XBRL
– Intervene in the undertaking’s operations as and when the Supervisory Ladder of
Intervention requires it.
Implement Vizor Software for Solvency II Supervision in just 8 weeks*
– Cost-effective, turnkey solution
– Proven enterprise-class technology, implemented within the EU and across the globe
– Reduces your overall investment in technology and related skills
– Can integrate with existing systems and data
www.vizorsoftware.com
*Assuming QRT, structured qualitative data templates,
and XBRL taxonomy have been finalised by EIOPA
COLLECT
Under Solvency II supervision, Vizor Software will allow
undertakings to report all Solvency II Report-To-Supervisor
(RTS) data, including both Quantitative Reporting Templates
(QRT) and Structured Qualitative Data such as System of
Governance and the ORSA. Data can be entered directly
into web-forms, or uploaded in XBRL format, and can be
digitally signed.
VALIDATE
Vizor Software applies several layers of validation to the
collected data, from simple restrictions to complex
calculations and cross-form rules. Validation occurs prior to
acceptance by the supervisor, resulting in unparalleled data
quality and timely submission. Data uploaded in XBRL
format will pass taxonomy rules before being subjected to
additional validation.
REVIEW
Once validated, the submission is forwarded to the supervision
team for review and approval. The data review process can
involve multiple tasks and multiple team members. This is
all supported by Vizor Software, along with management
oversight of the review process and KPI management reports.
ANALYSE
Standard ratios, analysis reports and graphing tools allow the
supervision team to immediately analyse QRT submissions.
Early warning indicators alert the supervisor to breaches of
SCR or MCR thresholds. Real-time asset price retrieval,
stress testing, and ad-hoc analysis are also supported.
Vizor Software for Solvency II Supervision solves the technology challenge of the new
Solvency II implementation, allowing you to focus on effective supervision.
Key Points
– Undertakings complete online
web-forms or file XBRL returns.
– Undertakings file all data required
by the SRP through the system,
including QRT, System of
Governance, and ORSA.
– Submissions are fully validated
and digitally signed by the
undertaking.
– Supervision teams review
submissions, with a workflow
engine managing team tasks.
– Analysis tools provide standard
ratios, graphs, early warning
indicators, and stress testing.
www.vizorsoftware.com
INTERVENE
A risk profile and risk score for each undertaking supports
the adoption of a risk-based approach to supervision and the
implementation of the Supervisory Ladder of Intervention.
Vizor Software supports capital add-ons, increased QRT
frequency and depth, ad-hoc qualitative data requests,
closure to new business, and suspension of licence.
INSPECT
Should an intervention require a follow up on-site inspection,
Vizor Software allows the inspection team to record and
track the inspection while on-site at the insurance undertaking.
Inspection results can update the insurance undertaking’s
risk profile and hence assist in determining if further action
is required.
AGGREGATE
At the end of a QRT reporting cycle, Vizor Software
automatically aggregates and summarises quantitative data.
Aggregates can be broken down by factors such as sector
and geographical region, while time series and trend
analysis show aggregated data over time.
DISTRIBUTE
In support of group supervision, Vizor Software allows XBRL
data to be imported or extracted for sharing with other
national supervisory authorities and EIOPA. Data can also be
exported to Excel, PDF and XML formats for publishing and
integration with internal systems.
EXTEND
Vizor Software will not only support future QRT/XBRL
updates, but will also allow you to extend the scope of the
data you collect from undertakings. Additional requirements,
such as the collection and analysis of statistical data, entity
registration, or agent licensing (to name but a few), can be
added with ease.
Key Points
– Quantitative risk profiling
supports risk-based supervision
and the Supervisory Ladder of
Intervention.
– Supervision teams can plan, track
and record on-site inspections.
– Powerful reporting tools allow
aggregation, time series analysis,
summarisation, ad-hoc query
capability, publishing, and more.
– Group Supervision: import or
export data in XBRL format to
facilitate sharing of supervisory
data with other supervisors and
EIOPA.
– Easily extend the solution to
collect additional data specific to
your supervisory authority.
www.vizorsoftware.com
The world’s most effective financial regulators run Vizor Software
CONTACT
If you would like to learn more about how Vizor Software for Solvency II Supervision
can help your organisation, please contact us at sales@vizorsoftware.com.
Dublin, Ireland
E. sales@vizorsoftware.com
T. +353 1 440 0600
www.vizorsoftware.com
Dubai, UAE
E. info-dubai@vizorsoftware.com
T. + 971 50 248 9695
www.vizorsoftware.com
Experience You Can Trust
Vizor was established in 2000 by a group of highly experienced ex-financial regulators and leading
IT industry veterans, with the specific aim of providing enterprise-class software for the poorly
serviced and increasingly demanding regulatory sector.
The result has been a decade of successful software implementations for many of the world’s
leading financial regulators.
Over the last 10 years, Vizor Software has become the most comprehensive and robust out-of-the-
box solution for a broad range of regulatory challenges.
Our customer base spans Western Europe, Eastern Europe, the Middle East, the Far East, Africa and
the Antipodes.

Contenu connexe

Tendances

PCI PIN Security & Key Management Compliance
PCI PIN Security & Key Management CompliancePCI PIN Security & Key Management Compliance
PCI PIN Security & Key Management ComplianceControlCase
 
Chapter 4 : Auditing and the information technology environment
Chapter 4 : Auditing and the information technology environmentChapter 4 : Auditing and the information technology environment
Chapter 4 : Auditing and the information technology environmentKugendranMani
 
FedRAMP Certification & FedRAMP Marketplace
FedRAMP Certification & FedRAMP MarketplaceFedRAMP Certification & FedRAMP Marketplace
FedRAMP Certification & FedRAMP MarketplaceControlCase
 
Continuous Compliance Monitoring
Continuous Compliance MonitoringContinuous Compliance Monitoring
Continuous Compliance MonitoringControlCase
 
Vendor risk management webinar 10022019 v1
Vendor risk management webinar 10022019 v1Vendor risk management webinar 10022019 v1
Vendor risk management webinar 10022019 v1ControlCase
 
Introduction to Token Service Provider (TSP) Certification
Introduction to Token Service Provider (TSP) CertificationIntroduction to Token Service Provider (TSP) Certification
Introduction to Token Service Provider (TSP) CertificationControlCase
 
Audit of it infrastructure
Audit of it infrastructureAudit of it infrastructure
Audit of it infrastructurepramod_kmr73
 
Performing PCI DSS Assessments Using Zero Trust Principles
Performing PCI DSS Assessments Using Zero Trust PrinciplesPerforming PCI DSS Assessments Using Zero Trust Principles
Performing PCI DSS Assessments Using Zero Trust PrinciplesControlCase
 
Continuous Compliance Monitoring
Continuous Compliance MonitoringContinuous Compliance Monitoring
Continuous Compliance MonitoringControlCase
 
Facility Environmental Audit Guidelines
Facility Environmental Audit GuidelinesFacility Environmental Audit Guidelines
Facility Environmental Audit Guidelinesamburyj3c9
 
Best Practices - Mission-Critical Systems
Best Practices - Mission-Critical SystemsBest Practices - Mission-Critical Systems
Best Practices - Mission-Critical SystemsJoe Guido
 
Auditing In Computer Environment Presentation
Auditing In Computer Environment PresentationAuditing In Computer Environment Presentation
Auditing In Computer Environment PresentationEMAC Consulting Group
 
Integrated Compliance
Integrated ComplianceIntegrated Compliance
Integrated ComplianceControlCase
 
SOC 2 Compliance and Certification
SOC 2 Compliance and CertificationSOC 2 Compliance and Certification
SOC 2 Compliance and CertificationControlCase
 
Computer aided audit techniques and fraud detection
Computer aided audit techniques and fraud detectionComputer aided audit techniques and fraud detection
Computer aided audit techniques and fraud detectionAlexander Decker
 
OneAudit™ - Assess Once, Certify to Many
OneAudit™ - Assess Once, Certify to ManyOneAudit™ - Assess Once, Certify to Many
OneAudit™ - Assess Once, Certify to ManyControlCase
 

Tendances (20)

PCI PIN Security & Key Management Compliance
PCI PIN Security & Key Management CompliancePCI PIN Security & Key Management Compliance
PCI PIN Security & Key Management Compliance
 
Chapter 4 : Auditing and the information technology environment
Chapter 4 : Auditing and the information technology environmentChapter 4 : Auditing and the information technology environment
Chapter 4 : Auditing and the information technology environment
 
FedRAMP Certification & FedRAMP Marketplace
FedRAMP Certification & FedRAMP MarketplaceFedRAMP Certification & FedRAMP Marketplace
FedRAMP Certification & FedRAMP Marketplace
 
Continuous Compliance Monitoring
Continuous Compliance MonitoringContinuous Compliance Monitoring
Continuous Compliance Monitoring
 
Vendor risk management webinar 10022019 v1
Vendor risk management webinar 10022019 v1Vendor risk management webinar 10022019 v1
Vendor risk management webinar 10022019 v1
 
Introduction to Token Service Provider (TSP) Certification
Introduction to Token Service Provider (TSP) CertificationIntroduction to Token Service Provider (TSP) Certification
Introduction to Token Service Provider (TSP) Certification
 
Intacct Security and Operations
Intacct Security and OperationsIntacct Security and Operations
Intacct Security and Operations
 
Audit of it infrastructure
Audit of it infrastructureAudit of it infrastructure
Audit of it infrastructure
 
Chapter 6
Chapter 6Chapter 6
Chapter 6
 
Performing PCI DSS Assessments Using Zero Trust Principles
Performing PCI DSS Assessments Using Zero Trust PrinciplesPerforming PCI DSS Assessments Using Zero Trust Principles
Performing PCI DSS Assessments Using Zero Trust Principles
 
Continuous Compliance Monitoring
Continuous Compliance MonitoringContinuous Compliance Monitoring
Continuous Compliance Monitoring
 
Facility Environmental Audit Guidelines
Facility Environmental Audit GuidelinesFacility Environmental Audit Guidelines
Facility Environmental Audit Guidelines
 
Best Practices - Mission-Critical Systems
Best Practices - Mission-Critical SystemsBest Practices - Mission-Critical Systems
Best Practices - Mission-Critical Systems
 
Auditing In Computer Environment Presentation
Auditing In Computer Environment PresentationAuditing In Computer Environment Presentation
Auditing In Computer Environment Presentation
 
Integrated Compliance
Integrated ComplianceIntegrated Compliance
Integrated Compliance
 
SOC 2 Compliance and Certification
SOC 2 Compliance and CertificationSOC 2 Compliance and Certification
SOC 2 Compliance and Certification
 
Computer aided audit techniques and fraud detection
Computer aided audit techniques and fraud detectionComputer aided audit techniques and fraud detection
Computer aided audit techniques and fraud detection
 
Update to PCI DSS v3.2
Update to PCI DSS v3.2Update to PCI DSS v3.2
Update to PCI DSS v3.2
 
Agiliance Wp Key Steps
Agiliance Wp Key StepsAgiliance Wp Key Steps
Agiliance Wp Key Steps
 
OneAudit™ - Assess Once, Certify to Many
OneAudit™ - Assess Once, Certify to ManyOneAudit™ - Assess Once, Certify to Many
OneAudit™ - Assess Once, Certify to Many
 

En vedette

Chief Acc Ahmed Zaky
Chief Acc Ahmed ZakyChief Acc Ahmed Zaky
Chief Acc Ahmed ZakyAhmed Zaky
 
A 3-54a30f3588196e0d8659f0981f420827fcd2ffb3-150419111831-conversion-gate01
A 3-54a30f3588196e0d8659f0981f420827fcd2ffb3-150419111831-conversion-gate01A 3-54a30f3588196e0d8659f0981f420827fcd2ffb3-150419111831-conversion-gate01
A 3-54a30f3588196e0d8659f0981f420827fcd2ffb3-150419111831-conversion-gate01wsngct
 
หน่วยที่ 10
หน่วยที่ 10หน่วยที่ 10
หน่วยที่ 10ratiporn555
 
Сладков Н.И.Pptx повелитель]
Сладков Н.И.Pptx повелитель]Сладков Н.И.Pptx повелитель]
Сладков Н.И.Pptx повелитель]sumarokova
 
หน่วยที่ 11
หน่วยที่ 11หน่วยที่ 11
หน่วยที่ 11ratiporn555
 
Calum from Big Surf Digital - keeping safe from penalties
Calum from Big Surf Digital - keeping safe from penaltiesCalum from Big Surf Digital - keeping safe from penalties
Calum from Big Surf Digital - keeping safe from penaltiesBDX Events
 
10 padron asociaciones de personas discapacidad visual - listado a
10 padron asociaciones de personas discapacidad visual - listado a10 padron asociaciones de personas discapacidad visual - listado a
10 padron asociaciones de personas discapacidad visual - listado aUAIP-CONAIPD
 
Don Joseph Cheramie R-Update
Don Joseph Cheramie R-UpdateDon Joseph Cheramie R-Update
Don Joseph Cheramie R-Updatedon Cheramie
 
DVSM Annual Report 20142015 low res web
DVSM Annual Report 20142015 low res webDVSM Annual Report 20142015 low res web
DVSM Annual Report 20142015 low res webGillian Cohen
 
Katalog Oriflame Mei 2015
Katalog Oriflame Mei 2015Katalog Oriflame Mei 2015
Katalog Oriflame Mei 2015Chatarina Avi
 
CV of Sanga Tolamo
CV of Sanga TolamoCV of Sanga Tolamo
CV of Sanga TolamoSanga Tolamo
 
หน่วยที่ 2
หน่วยที่ 2หน่วยที่ 2
หน่วยที่ 2ratiporn555
 
9 padron asociaciones de personas discapacidad mental
9 padron asociaciones de personas discapacidad mental9 padron asociaciones de personas discapacidad mental
9 padron asociaciones de personas discapacidad mentalUAIP-CONAIPD
 
Katalog Oriflame September 2015
Katalog Oriflame September 2015Katalog Oriflame September 2015
Katalog Oriflame September 2015Chatarina Avi
 

En vedette (20)

Chief Acc Ahmed Zaky
Chief Acc Ahmed ZakyChief Acc Ahmed Zaky
Chief Acc Ahmed Zaky
 
Data & Technology
Data & TechnologyData & Technology
Data & Technology
 
Reputable Job Resources3.5
Reputable Job Resources3.5Reputable Job Resources3.5
Reputable Job Resources3.5
 
CV
CVCV
CV
 
A 3-54a30f3588196e0d8659f0981f420827fcd2ffb3-150419111831-conversion-gate01
A 3-54a30f3588196e0d8659f0981f420827fcd2ffb3-150419111831-conversion-gate01A 3-54a30f3588196e0d8659f0981f420827fcd2ffb3-150419111831-conversion-gate01
A 3-54a30f3588196e0d8659f0981f420827fcd2ffb3-150419111831-conversion-gate01
 
หน่วยที่ 10
หน่วยที่ 10หน่วยที่ 10
หน่วยที่ 10
 
Сладков Н.И.Pptx повелитель]
Сладков Н.И.Pptx повелитель]Сладков Н.И.Pptx повелитель]
Сладков Н.И.Pptx повелитель]
 
หน่วยที่ 11
หน่วยที่ 11หน่วยที่ 11
หน่วยที่ 11
 
Lifang Rendering Samples
Lifang Rendering SamplesLifang Rendering Samples
Lifang Rendering Samples
 
Calum from Big Surf Digital - keeping safe from penalties
Calum from Big Surf Digital - keeping safe from penaltiesCalum from Big Surf Digital - keeping safe from penalties
Calum from Big Surf Digital - keeping safe from penalties
 
10 padron asociaciones de personas discapacidad visual - listado a
10 padron asociaciones de personas discapacidad visual - listado a10 padron asociaciones de personas discapacidad visual - listado a
10 padron asociaciones de personas discapacidad visual - listado a
 
Don Joseph Cheramie R-Update
Don Joseph Cheramie R-UpdateDon Joseph Cheramie R-Update
Don Joseph Cheramie R-Update
 
DVSM Annual Report 20142015 low res web
DVSM Annual Report 20142015 low res webDVSM Annual Report 20142015 low res web
DVSM Annual Report 20142015 low res web
 
Katalog Oriflame Mei 2015
Katalog Oriflame Mei 2015Katalog Oriflame Mei 2015
Katalog Oriflame Mei 2015
 
Resume Tahir
Resume TahirResume Tahir
Resume Tahir
 
CV of Sanga Tolamo
CV of Sanga TolamoCV of Sanga Tolamo
CV of Sanga Tolamo
 
NGN Brochure May 2014
NGN Brochure May 2014NGN Brochure May 2014
NGN Brochure May 2014
 
หน่วยที่ 2
หน่วยที่ 2หน่วยที่ 2
หน่วยที่ 2
 
9 padron asociaciones de personas discapacidad mental
9 padron asociaciones de personas discapacidad mental9 padron asociaciones de personas discapacidad mental
9 padron asociaciones de personas discapacidad mental
 
Katalog Oriflame September 2015
Katalog Oriflame September 2015Katalog Oriflame September 2015
Katalog Oriflame September 2015
 

Similaire à Vizor Software for Solvency II Supervision

Solvency II Brochure
Solvency II BrochureSolvency II Brochure
Solvency II BrochureEce Alptunaer
 
Chase Cooper Overview
Chase Cooper OverviewChase Cooper Overview
Chase Cooper OverviewAoife Brennan
 
Lombad Risk Automated Regulatory Compliance
Lombad Risk Automated Regulatory ComplianceLombad Risk Automated Regulatory Compliance
Lombad Risk Automated Regulatory ComplianceLombard Risk Management
 
CV of Mohan M
CV of Mohan MCV of Mohan M
CV of Mohan MMohan M
 
Icra Analytics limited
Icra Analytics limitedIcra Analytics limited
Icra Analytics limitedBobitaBiswas
 
Fixnix GRC Suite A Glance
Fixnix GRC Suite A GlanceFixnix GRC Suite A Glance
Fixnix GRC Suite A GlanceFixNix Inc.,
 
Lombad risk automated regulatory compliance
Lombad risk automated regulatory complianceLombad risk automated regulatory compliance
Lombad risk automated regulatory complianceLombard Risk Management
 
360F – Insurtech Innovation Award 2023
360F – Insurtech Innovation Award 2023 360F – Insurtech Innovation Award 2023
360F – Insurtech Innovation Award 2023 The Digital Insurer
 
Vijay Amarnath - Updated
Vijay Amarnath - UpdatedVijay Amarnath - Updated
Vijay Amarnath - UpdatedVijay Amarnath
 
Clearpriority Operational Intelligence Platform
Clearpriority Operational Intelligence PlatformClearpriority Operational Intelligence Platform
Clearpriority Operational Intelligence PlatformClearpriority
 
Enterprise Governance Risk and Compliance (GRC) Management Solution in India
Enterprise Governance Risk and Compliance (GRC) Management Solution in IndiaEnterprise Governance Risk and Compliance (GRC) Management Solution in India
Enterprise Governance Risk and Compliance (GRC) Management Solution in IndiaLexComply
 
Clear priority analyst presentation jan 2014
Clear priority analyst presentation jan 2014Clear priority analyst presentation jan 2014
Clear priority analyst presentation jan 2014learPriority
 
ICRA Analytics Has The Solutions To Fit Your Needs
ICRA Analytics Has The Solutions To Fit Your NeedsICRA Analytics Has The Solutions To Fit Your Needs
ICRA Analytics Has The Solutions To Fit Your NeedsBobitaBiswas
 
Preview novarica1905 mn-pas-pc
Preview novarica1905 mn-pas-pcPreview novarica1905 mn-pas-pc
Preview novarica1905 mn-pas-pc~Eric Principe
 
Insurance Broker software Services|Insureqlik
Insurance Broker software Services|InsureqlikInsurance Broker software Services|Insureqlik
Insurance Broker software Services|InsureqlikMuneeb U Rehman
 
Managing Multiple Assessments Using Zero Trust Principles
Managing Multiple Assessments Using Zero Trust PrinciplesManaging Multiple Assessments Using Zero Trust Principles
Managing Multiple Assessments Using Zero Trust PrinciplesControlCase
 
Automated Regulatory Compliance Management
Automated Regulatory Compliance ManagementAutomated Regulatory Compliance Management
Automated Regulatory Compliance ManagementAdeel159
 

Similaire à Vizor Software for Solvency II Supervision (20)

Solvency II Brochure
Solvency II BrochureSolvency II Brochure
Solvency II Brochure
 
Chase Cooper Overview
Chase Cooper OverviewChase Cooper Overview
Chase Cooper Overview
 
Lombard Risk Reporter MIS Brochure
Lombard Risk Reporter MIS BrochureLombard Risk Reporter MIS Brochure
Lombard Risk Reporter MIS Brochure
 
Lombad Risk Automated Regulatory Compliance
Lombad Risk Automated Regulatory ComplianceLombad Risk Automated Regulatory Compliance
Lombad Risk Automated Regulatory Compliance
 
CV of Mohan M
CV of Mohan MCV of Mohan M
CV of Mohan M
 
Icra Analytics limited
Icra Analytics limitedIcra Analytics limited
Icra Analytics limited
 
Fixnix GRC Suite A Glance
Fixnix GRC Suite A GlanceFixnix GRC Suite A Glance
Fixnix GRC Suite A Glance
 
Lombad risk automated regulatory compliance
Lombad risk automated regulatory complianceLombad risk automated regulatory compliance
Lombad risk automated regulatory compliance
 
360F – Insurtech Innovation Award 2023
360F – Insurtech Innovation Award 2023 360F – Insurtech Innovation Award 2023
360F – Insurtech Innovation Award 2023
 
Vijay Amarnath - Updated
Vijay Amarnath - UpdatedVijay Amarnath - Updated
Vijay Amarnath - Updated
 
Clearpriority Operational Intelligence Platform
Clearpriority Operational Intelligence PlatformClearpriority Operational Intelligence Platform
Clearpriority Operational Intelligence Platform
 
Enterprise Governance Risk and Compliance (GRC) Management Solution in India
Enterprise Governance Risk and Compliance (GRC) Management Solution in IndiaEnterprise Governance Risk and Compliance (GRC) Management Solution in India
Enterprise Governance Risk and Compliance (GRC) Management Solution in India
 
Clear priority analyst presentation jan 2014
Clear priority analyst presentation jan 2014Clear priority analyst presentation jan 2014
Clear priority analyst presentation jan 2014
 
ICRA Analytics Has The Solutions To Fit Your Needs
ICRA Analytics Has The Solutions To Fit Your NeedsICRA Analytics Has The Solutions To Fit Your Needs
ICRA Analytics Has The Solutions To Fit Your Needs
 
Solvency II Offering
Solvency II Offering Solvency II Offering
Solvency II Offering
 
Preview novarica1905 mn-pas-pc
Preview novarica1905 mn-pas-pcPreview novarica1905 mn-pas-pc
Preview novarica1905 mn-pas-pc
 
Insurance Broker software Services|Insureqlik
Insurance Broker software Services|InsureqlikInsurance Broker software Services|Insureqlik
Insurance Broker software Services|Insureqlik
 
Managing Multiple Assessments Using Zero Trust Principles
Managing Multiple Assessments Using Zero Trust PrinciplesManaging Multiple Assessments Using Zero Trust Principles
Managing Multiple Assessments Using Zero Trust Principles
 
Risk Assessment And Risk Treatment
Risk Assessment And Risk TreatmentRisk Assessment And Risk Treatment
Risk Assessment And Risk Treatment
 
Automated Regulatory Compliance Management
Automated Regulatory Compliance ManagementAutomated Regulatory Compliance Management
Automated Regulatory Compliance Management
 

Vizor Software for Solvency II Supervision

  • 1. VIZOR SOFTWARE FOR SOLVENCY II SUPERVISION Automate the entire Solvency II Supervision Process with Vizor Software, a comprehensive out-of-the-box supervision solution for Solvency II Vizor is the leading global provider of supervision software for financial regulators.
  • 2. Solution Highlights – Collect & validate quantitative (QRT) and qualitative data from insurance undertakings – Review, analyse and approve submissions – Assess undertakings’ SCR/MCR, System of Governance, ORSA, and Risk Profile – Analyse, aggregate, summarise and publish quantitative data – Share data with other supervisors using XBRL – Intervene in the undertaking’s operations as and when the Supervisory Ladder of Intervention requires it. Implement Vizor Software for Solvency II Supervision in just 8 weeks* – Cost-effective, turnkey solution – Proven enterprise-class technology, implemented within the EU and across the globe – Reduces your overall investment in technology and related skills – Can integrate with existing systems and data www.vizorsoftware.com *Assuming QRT, structured qualitative data templates, and XBRL taxonomy have been finalised by EIOPA
  • 3. COLLECT Under Solvency II supervision, Vizor Software will allow undertakings to report all Solvency II Report-To-Supervisor (RTS) data, including both Quantitative Reporting Templates (QRT) and Structured Qualitative Data such as System of Governance and the ORSA. Data can be entered directly into web-forms, or uploaded in XBRL format, and can be digitally signed. VALIDATE Vizor Software applies several layers of validation to the collected data, from simple restrictions to complex calculations and cross-form rules. Validation occurs prior to acceptance by the supervisor, resulting in unparalleled data quality and timely submission. Data uploaded in XBRL format will pass taxonomy rules before being subjected to additional validation. REVIEW Once validated, the submission is forwarded to the supervision team for review and approval. The data review process can involve multiple tasks and multiple team members. This is all supported by Vizor Software, along with management oversight of the review process and KPI management reports. ANALYSE Standard ratios, analysis reports and graphing tools allow the supervision team to immediately analyse QRT submissions. Early warning indicators alert the supervisor to breaches of SCR or MCR thresholds. Real-time asset price retrieval, stress testing, and ad-hoc analysis are also supported. Vizor Software for Solvency II Supervision solves the technology challenge of the new Solvency II implementation, allowing you to focus on effective supervision. Key Points – Undertakings complete online web-forms or file XBRL returns. – Undertakings file all data required by the SRP through the system, including QRT, System of Governance, and ORSA. – Submissions are fully validated and digitally signed by the undertaking. – Supervision teams review submissions, with a workflow engine managing team tasks. – Analysis tools provide standard ratios, graphs, early warning indicators, and stress testing. www.vizorsoftware.com
  • 4. INTERVENE A risk profile and risk score for each undertaking supports the adoption of a risk-based approach to supervision and the implementation of the Supervisory Ladder of Intervention. Vizor Software supports capital add-ons, increased QRT frequency and depth, ad-hoc qualitative data requests, closure to new business, and suspension of licence. INSPECT Should an intervention require a follow up on-site inspection, Vizor Software allows the inspection team to record and track the inspection while on-site at the insurance undertaking. Inspection results can update the insurance undertaking’s risk profile and hence assist in determining if further action is required. AGGREGATE At the end of a QRT reporting cycle, Vizor Software automatically aggregates and summarises quantitative data. Aggregates can be broken down by factors such as sector and geographical region, while time series and trend analysis show aggregated data over time. DISTRIBUTE In support of group supervision, Vizor Software allows XBRL data to be imported or extracted for sharing with other national supervisory authorities and EIOPA. Data can also be exported to Excel, PDF and XML formats for publishing and integration with internal systems. EXTEND Vizor Software will not only support future QRT/XBRL updates, but will also allow you to extend the scope of the data you collect from undertakings. Additional requirements, such as the collection and analysis of statistical data, entity registration, or agent licensing (to name but a few), can be added with ease. Key Points – Quantitative risk profiling supports risk-based supervision and the Supervisory Ladder of Intervention. – Supervision teams can plan, track and record on-site inspections. – Powerful reporting tools allow aggregation, time series analysis, summarisation, ad-hoc query capability, publishing, and more. – Group Supervision: import or export data in XBRL format to facilitate sharing of supervisory data with other supervisors and EIOPA. – Easily extend the solution to collect additional data specific to your supervisory authority. www.vizorsoftware.com
  • 5. The world’s most effective financial regulators run Vizor Software CONTACT If you would like to learn more about how Vizor Software for Solvency II Supervision can help your organisation, please contact us at sales@vizorsoftware.com. Dublin, Ireland E. sales@vizorsoftware.com T. +353 1 440 0600 www.vizorsoftware.com Dubai, UAE E. info-dubai@vizorsoftware.com T. + 971 50 248 9695 www.vizorsoftware.com Experience You Can Trust Vizor was established in 2000 by a group of highly experienced ex-financial regulators and leading IT industry veterans, with the specific aim of providing enterprise-class software for the poorly serviced and increasingly demanding regulatory sector. The result has been a decade of successful software implementations for many of the world’s leading financial regulators. Over the last 10 years, Vizor Software has become the most comprehensive and robust out-of-the- box solution for a broad range of regulatory challenges. Our customer base spans Western Europe, Eastern Europe, the Middle East, the Far East, Africa and the Antipodes.