Online Training Solvency II
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Online Training Solvency II

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Presentation objective is to provide an overview of our Solvency II building blocks, offer insight into the look and feel of the application and Showcase how you can easily use our software.

Presentation objective is to provide an overview of our Solvency II building blocks, offer insight into the look and feel of the application and Showcase how you can easily use our software.

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Online Training Solvency II Online Training Solvency II Presentation Transcript

  • Discover why 50,000 professionals have already switched to easy2comply
    Operational Risk Management for Solvency II
  • Presentation Objective
    Provide an overview of our Solvency II building blocks
    Offer insight into the look and feel of the application
    Showcase how you can easily use our software
    2
  • Who is it for?
    Our Solvency II software has been designed with the needs of the Solvency II Manager in mind and can be used by the:
    Solvency II Manager
    Solvency II Steering Committee
    Line Managers
    3
    No project is too big or too small
    It can be used by small groups (1 – 5 users) all the way up to the whole enterprise (10,000 users)
    Implementing our software has never been easier!
    View slide
  • Operational Risk Management
    4
    Organizational Structure
    Risk & Control Self Assessment
    Loss Data
    Tasks, Notifications and Messages
    Reports and Management Dashboards
    View slide
  • Organizational Structure
    5
    Organizational Structure
    Risk & Control Self Assessment
    Loss Data
    Tasks, Notifications and Messages
    You can also look at your business horizontally across the enterprise. This feature allows you to drag and drop parts of your business into simple structures to ease reporting and comparative analysis.
    This is where you define your organizational structure. Our software combines a dual hierarchy: one for your business units, departments and locations, and one for your operational processes and activities.
    Reports and Management Dashboards
  • Organizational Structure
    6
    Each Unit can be documented in terms of Owner, Type, Risk Profile and Attachments
    Structure can be built with no limitation to the number of levels
  • Process Structure
    7
    Process is documented in terms of Risks / Controls, General Information, Risk Profile and Attachments
    Structure can be built with no limitation to the number of levels
  • Flowcharts (optional)
    8
    Process Documentation can also be added as an attachment (Word, Visio, etc.)
  • Organizational Structure
    Tasks, Notifications and Messages
    Reports and Management Dashboards
    Risk & Control Self Assessment
    9
    Assess your Risks using one or more of the available methodologies:
    Impact vs. Likelihood Risk Square
    Monte Carlo Simulation
    Questionnaire / Balanced Scorecard
    Risk & Control Self Assessment
    Loss Data
    Control your Risks by linking relevant controls to specific risks and determining the residual risk level.
    Check the controls for their level of effectiveness.
    Schedule the control checking process.
    Identify your Risks within the business unit, department or process.
    Document, categorize and classify the risks according to your own criteria.
    Attach any supporting evidence to the risk record.
  • Risk Assessment
    10
    Identify
    Assess
    Control
    • Impact
    • Likelihood
    • Risk Score
    • Control Mapping
    • Control Checking
    • Residual Risk Score
    • Risks
    • Description
    • Categories
    • Documentation
  • Risk Identification
    11
    Identify and document all of the relevant risks
  • Risk Assessment
    12
    Assessment performed according to a 5 x 5 matrix generating a Risk Score
  • Risk Assessment
    13
    Single frequency parameter
    Two severity parameters
    Monte Carlo simulation
    Annual expected impact
    Annual unexpected impact
  • Control Mapping
    14
    …together with the associated set of controls mapped to the risk
    Here you can see the risk…
  • Control Documentation
    15
    Controls can be fully documented and tested as needed
  • Organizational Structure
    Risk & Control Self Assessment
    Tasks, Notifications and Messages
    Reports and Management Dashboards
    Loss Data
    16
    Capture your Loss Data and Event Data across your Organization
    Loss Data
    Assess the impact of the Loss or Event and link each impact to your Risk and Control map
    Respond effectively to each event, draw relevant conclusions and allocate Actions accordingly
  • Incident Management
    17
    Record
    Cost
    Lessons Learned
    • Multiple impact
    • Total cost
    • Indirect impact
    • How we can improve
    • Controls
    • What
    • When
    • Where
  • Incident Recording
    18
    All incidents and events can be recorded in the database and allocated to the point in the organization where the incident has impacted
  • Incident Costs
    19
    Itemized costs
    Total financial impact
  • Drawing Conclusions
    20
  • Tasks, Notifications and Messages
    21
    Organizational Structure
    Define your own Alerts (for example):
    Missed Due Dates
    Approaching Control tests
    Changes to the Risk Assessment
    Changes to your data
    Create and follow up on Actions:
    Link Actions to your Control
    Each Action has an Owner and a Due Date for follow up
    New Messaging feature
    Risk & Control Self Assessment
    Loss Data
    Tasks, Notifications and Messages
    Reports and Management Dashboards
    Notifications are sent directly to your email inbox with a link taking you to the software
  • Tasks Management
    22
    All Actions and Tasks are listed under the Organization’s Action Plan. Actions are listed according to status, owner and due date
    An individual action can contain multiple sub-tasks, each allocated to a different owner with a different due date
  • Notifications and Messages
    23
    Software comes with the ability to generate reminders, alerts and notifications regarding Action Plan due dates and scheduled control tests.
    These notifications are delivered directly into the user’s email
  • Reports and Dashboards
    24
    Management Dashboards are colorful and interactive charts generated by our powerful charting engine
    Organizational Structure
    Built-in Reports are pre-defined report templates that can be generated and exported to multiple file formats
    Risk & Control Self Assessment
    Loss Data
    Excel Reports are templates created by the User that define precisely the data wanted to be seen
    Tasks, Notifications and Messages
    Reports and Management Dashboards
  • Built-in Reports
    25
  • Report Templates
    26
    User defines the data wanting to be displayed in the report
  • Dashboards
    27
  • Operational Risk Management
    28
    Organizational Structure
    Risk & Control Self Assessment
    Loss Data
    Tasks, Notifications and Messages
    Reports and Management Dashboards
  • Thank You
    www.easy2comply.com