English
German
English
German
Regulatory
under control.
GRAWE Versicherungsgruppe
Reference SaaS-Operations
Implementation of Solvency II with zeb.control
The GRAWE Group implemented zeb.control as a group-wide Solvency II solution for regulatory reporting and risk management.
Results at a glance
TeamBank migrated zeb.control Risk Management from an on-premises environment to a SaaS model—in line with its IT strategy. Processes and user interfaces remained unchanged, runtime decreased significantly, and the IT department gained capacity to focus on areas that cannot be outsourced.
Background & Objectives
To meet the complex technical, procedural, and data-related requirements of Solvency II, the GRAWE Group sought a multi-client-capable software solution. In addition to audit compliance, integrated process control, multi-user capability, and support for multiple languages and currencies, the solution was expected to support all three Solvency II pillars in the long term.
Objectives
- Implementation of an integrated Solvency II solution
- Support for solo and group filings
- End-to-end process control and documentation
- Multi-language and multi-currency capabilities
- Long-term support for Pillars 1, 2, and 3
The Solution
Following a successful pilot, the GRAWE Group decided to implement zeb.control.regulatory Solvency II. Right from the start of the project, data relevant to regulatory reporting was identified and interfaces with upstream systems were coordinated. The software’s extensive calculation capabilities were integrated into the target architecture, replacing previously manual processing steps. In addition, jointly developed, customer-specific algorithms were incorporated into the solution.
Furthermore, responsibilities for data delivery, QRT approvals, and aggregate filings were defined in accordance with the implemented process model. Building on the experience gained by GRAWE AG Austria, foreign subsidiaries were subsequently trained and integrated into the use of the solution.
Results
Outlook and conclusion
Foundation for Sustainable Solvency II Management
The GRAWE Group was able to submit the Solvency II reports for its EU-regulated subsidiaries and for the Group as a whole by the deadline. In addition, zeb.control supports the consistent projection of the solvency balance sheet, own funds, and risks, as well as the performance of stress tests and scenario analyses. The combination of regulatory reporting, risk management, and group consolidation has created a sustainable foundation for future Solvency II implementation.
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REFERENCES
Selected References
With our support, our clients address pressing issues and challenges arising from industry transformation and new regulatory requirements for risk management. As “partners for change,” we work together to master the only constant—change.
