Operational Risk Management for Solvency II · Operational Risk Management for ... Provide an...

Operational Risk Management for Solvency II

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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

Presentation Objective

Our Operational Risk software has been designed with the needs of the Sovency II Manager in mind and can be used by:

– Solvency II Manager – Solvency II Steering Committee – Line Managers

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!

Who Is it for?

Operational Risk Management

Reports and Management Dashboards

Organizational Structure

Loss Data Risk and Control Self Assessment

Tasks, Notifications and Messages

Process Structure

Flowcharts (optional)

Risk and Control Assessment

Identify Assess Control

• Risks • Description • Categories • Documentation

• Impact • Likelihood • Risk Score

• Control Mapping • Control Checking • Residual

Risk Score

Risk Assessment

Risk Identification

Risk Assessment

Control Mapping

Control Documentation

Loss Data

Record Cost Lessons Learned

• What • When • Where

• Multiple impact • Total cost • Indirect impact

• How we can improve

• Controls

Incident Management

Incident Recording

Incident Costs

Drawing Conclusions

Tasks Management

Notifications and Messages

Reports and Dashboards

Built-in Reports

Report Templates

Dashboards

Operational Risk Management

Thank you For more information, please contact:

Sales@checkpoint.com

Operational Risk Management for Solvency II · Operational Risk Management for ... Provide an...

Documents

GUIDELINES FOR THE IMPLEMENTATION · Group solvency template..... 49 5.1. General remarks ... LF Liquidity Facility MKR Market Risk OPR Operational Risk OTC Over-The-Counter derivative

the company’s own risk and solvency assessment - … Davenport.pdfORSA – the company’s own risk and solvency assessment 30 April 2015 James Davenport Global Head of Risk and

Implementing ERM, Solvency II and Capital · 2. Exposure risk 3. Mispricing risk 4. Asset risk 5. Operational risks Group Risk Management headed by Chief Risk Officer Executive Board

ACCESSING THE EFFECTIVENESS OF OPERATIONAL RISK …The Basel 2 directive for banking and Solvency 2 for insurance has been established to focus on operational risk. (Chavez-Demoulin,

Operational Risk Management & Risk Assessment. Levels of Operational Risk Management Planning Level Operational Level Time Critical Level

operational risk and operational risk related banking scandals

Solvency II Own Risk and Solvency Assessment (ORSA) · PricewaterhouseCoopers LLP Slide 7 ... Decision Making Business context ... Solvency II • Own Risk and Solvency Assessment

Own Risk & Solvency Assessment (ORSA): The heart of Risk & Capital Management

Market Risk On Demand - Volada€¦ · Swiss Solvency Test Market Risk On Demand Dayspeed SST reporting. For too long the SST market risk standard requirements have been an operational

Getting ahead of the game on Operational Resilience...of operational risk management – just like solvency capital ... Waiting until later would end up costing you more. — We think

Solvency II tools with macroprudential impact · Capital is held against market risk, credit risk, underwriting risk and operational risk. In itself, this regime is designed to ensure

Pillar 2 - Operational issues of risk management · PDF filePillar 2 Operational issues of risk management 2011 was a crucial milestone for insurance companies on the path to Solvency

Solvency II and Risk Management Solutions · Solvency II and Risk Management Solutions 1. Solvency II: a fresh challenge Solvency II marks an authentic transformation of the risk

Risk Based Capital vs Solvency II - actuaries.org.sg · 26/03/2010 · Risk Based Capital Framework in Singapore Solvency II Framework RBC Singapore vs Solvency II Illustrative example

Modelling Premium Risk for Solvency II: from Empirical Data to Risk … · 2014-07-18 · Modelling Premium Risk for Solvency II: from Empirical Data to Risk Capital Evaluation Diego

Risk Margins and Solvency II - Actuaries.org.uk

Solvency and Financial Condition Report 2018 › conservatrix › assets › File › SFCR...Basic Solvency Capital Requirement 28,068 26,800 Operational risk 2,981 3,029 LACDT -3,105

Managing Operational Risk - Citibank - Banking · PDF fileManaging Operational Risk Jaidev Iyer, Operational Risk Exprt . AGENDA WHAT IS OPERATIONAL RISK ... Metrics / KRIs Market

Supervisory Framework for Risk Assessment and Risk-based Solvency

Introduction to Operational Risk Modelling · Introduction to Operational Risk Modelling 21 September 2015. ... •Scope, Context, Basel II and Solvency II •Some observations on