Since the introduction of Solvency II, insurance companies have gained extensive experience in conducting ORSA (Own Risk and Solvency Assessment). The ORSA reports submitted on a regular basis are analyzed by BaFin. As part of these analyses, the supervisory authority identifies areas requiring action and publishes its findings. Both BaFin’s comments and current zeb customer feedback highlight the need for flexible, audit-proof and software-supported processes in many areas.
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