InsuranceERM

Münster, February 12, 2019 — InsuranceERM.com, the well-known information platform for European insurers, has honored strategy and management consultancy zeb with an award (2018/19) for its innovative Solvency II software. As part of the comprehensive zeb.control management software, the winning software module offers insurers valuable support in implementing the complex Solvency II directive. More than 60 insurance companies have already opted for the user-friendly, pragmatic zeb software module.

All insurers in the EU have had to deal with extensive and highly varied regulatory requirements since Solvency II came into force in January 2016. For three years now, zeb.control.regulatory - Solvency II has helped companies ensure compliance with all three pillars of the directive. Supported by process-based advice, they are successfully provided with all the necessary means to fulfill the requirements regarding own funds, governance and risk management within the defined time frames as stipulated by the European Union.

Dr. Eric Tobias Henn, commented: “We are currently working closely with our clients to develop new functionalities for our Solvency II module. For instance, we are planning to offer regular taxonomy updates as well as an implemented cloud-based platform this year in order to further improve the handling of the module for our clients.”

The InsuranceERM awards are regarded as one of the most prestigious prizes in the European insurance sector, especially with regard to risk and capital management. The award winners are selected by a jury consisting of senior industry experts from all over Europe and celebrated at an annual award ceremony in London in front of a European expert audience. This year, the awards will be presented on March 7.

zeb.control is a modular software suite that supports all relevant Solvency II functionalities and offers both group and solo entities standardized processes to deal with issues such as calculating measures and complying with reporting obligations. With zeb.control, zeb supports clients in creating and submitting the required quantitative reporting templates as well as implementing their own risk and solvency assessment. zeb.control’s integrated approach significantly reduces complexity for clients by minimizing the number of interfaces and automating processes within the application.