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SOLVENCY II COMPLIANCE

Milliman VEGA

Insurers face ongoing challenges with Solvency II, especially given its tight deadlines and extensive data control needs. Milliman VEGA delivers simplified compliance management, transparent processes, and robust data analysis capabilities, helping leaders meet regulatory demands and enhance strategic decision-making.

THE CHALLENGE

Navigating Solvency II

Solvency II impacts capital management, pricing, underwriting, risk management, and reporting. Insurance leaders deal with tight deadlines, exhaustive data requirements, and the need for secure, accurate, and timely reporting. These challenges demand a solution that meets regulatory standards, offers strategic insights, and remains easy to manage and update.

THE SOLUTION

Robust, efficient analysis and reporting in the cloud

Milliman VEGA offers a transformative cloud-based solution for Solvency II compliance. It replaces cumbersome spreadsheets with an integrated platform that automates calculations and reporting, reducing operational risk and ensuring data integrity. VEGA’s analytics provide actionable insights for strategic decisions. Continuous updates and a user-friendly interface simplify compliance, allowing organizations to focus on their core strengths. Investing in VEGA drives business growth and operational excellence amid regulatory challenges.

VEGA’s Solutions for Solvability 2

VEGA supports its clients across the various Solvency II pillars, offering assistance with market stress testing and solvency-capital-requirement calculations for both solo entities and groups. Additionally, VEGA helps in the preparation of Pillar 3 reporting (Quantitative Reporting Templates, National Specific Templates, etc.) using various taxonomies, while ensuring an EIOPA-compliant testing environment with a comprehensive range of XBRL control checks. In the near future, the tool will be able to help its clients with projections for own risk and solvency assessment and calculations for best estimate.

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What sets VEGA apart?

VEGA is trusted by various clients across Europe, backed by years of regulator-validated reporting.

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