Regulation, Risk & Compliance

Using technical excellence, technological vision and innovative approaches to ensure success

For over 25 years now, we have been working intensively with market trends in the financial services industry and managing the correlations between regulatory, risk and compliance issues. A variety of factors currently form a complex structure, which will significantly impact company-wide (risk management) cultures. The trend towards digitalization, including disruptive technologies, is putting traditional business models to the test. Changed macro-economic conditions, the increasing importance of social media and changes in demographics and HR management are all contributing to increasingly complex contexts. At the same time, the concept of "lean Insurance" is requiring increased profitability with streamlined processes and cost structures. We offer you technical excellence, technological foresight and innovative approaches to achieving financial and risk architectures that overcome these challenges in an agile and effective way.

  • Regulatory law
  • Risk management
  • Compliance
    • Our services at a glance
    • Implementation Solutions
    • We work in a focused and inclusive way to achieve a perfect balance

      One of our core competencies consists of taking the entire value chain into account with regard to regulatory law. We are thus capable of developing comprehensive approaches, which optimally account for the (legal) impacts of regulatory developments. These include their impact on existing business models and corporate strategies, as well as the many other business and risk-oriented aspects. Our second core competency in this area consists of the technical expertise required to meet the new requirements of Solvency II and the related technical standards. These severely change the requirements of BaFin reporting. Similar developments affect supervision of securities and financial conglomerates. Our solutions help mediate the impact of these trends on risk management, accounting, external reporting (documentation), risk-bearing capacity (RBC), as well as the methodological complexity which comes with the new valuation standards. We use our third core competency-implementation strength and experience - to quickly and pragmatically implement our solutions in your organization. We work in a focused and integrative way by optimally balancing the requirements of regulatory law with those of affected functional areas.

      In light of the complex issues surrounding regulatory law, we offer you a comprehensive service portfolio:

      • Conceptual design of the functional and technical requirements
      • Development and implementation of regulatory/quantitative models
      • (Further) development of risk management systems
      • Support in the selection and implementation of regulatory-related standard software (especially for documentation)
      • Development of suitable and recognized assessment methods with regard to regulatory law
      • Process optimization
    • We design transformation processes through to full IT implementation. With regard to technical implementation for regulatory law/reporting, we rely on the longstanding expertise and standard applications from renowned partner companies as well as our own industry-specific developments. These include:

      • ABACUS DaVinci and ABACUS 360 - connection, implementation, conceptual design and migration
      • Moody’s Analytics RiskFoundation, RiskIntegrity and Economic Scenario Generator
      • SAP Insurance Analyzer - SAP Performance Management for Financial Services (FS-PER)
      • SAP Insurance Analyzer - Data platform for reporting and disclosure
      • SAP Business Warehouse - Solutions for disclosure
      • Tagetik Solvency II
      • Tagetik CDM
    • Our services at a glance
    • Implementation Solutions
    • Enterprise-wide risk transparency with an optimal data platform and flexible control mechanisms

      The number of risk issues resulting from regulatory and accounting law continues to rise on a tremendous scale in the global context. As a result, new risk landscapes with a variety of interdependencies are also forming in the insurance sector. This requires adaptation from insurance companies that affects strategic decisions and business models as well as enterprise architecture and processes. Defining a digital strategy will be one of the most important topics and focus will be placed on the comprehensive collection, analysis and use of digital information. Other essential tasks are derived from the issues of risk quantification and the growing importance of qualitative risk factors. This is becoming increasingly apparent given the complex hierarchy of standards stipulated by the international accounting requirements defined in IFRS 17 and IFRS 9, for example, as well as the high demands on risk calculation models. The new equity capital requirements will also shape the agenda in the years to come.

      In the light of these factors, our service focus on enterprise-wide recording and processing of risk-relevant data and reports in short cycles and with the highest quality, reliability and consistency (Risk Reporting). With our interdisciplinary approach, we help you achieve company-wide risk transparency and provide effective control mechanisms, which closely integrate risk management with corporate governance. We can therefore create the structural and procedural conditions required to fully evaluate the opportunities and risks of your decisions and quickly meet external requirements.

      Within the framework of this holistic view of your organization, we provide advice and support with regard to all risk management issues, in particular regarding Non-Financial Risks (NFR), Predictive Risk Managagement for Credit Risk and Real Estate Risk.

      Our services at a glance:

      • Development and implementation of quantitative models
      • Conceptual design of the functional and technical requirements of quantitative models
      • Development and enhancement of internal risk control and risk management systems
      • Selection and implementation of standard software
      • Development of suitable assessment methods (e.g. for pricing complex derivatives)
      • Development of software tools
      • Process optimization
    • We design transformation processes through to full IT implementation. With regard to technical implementation for risk management, we rely on our longstanding expertise and standard applications from renowned partner companies as well as our own industry-specific developments. Standard applications in the context of risk management include: 

      • SAP (including Predictive Analytics, Design Studio, Lumira, Web Intelligence, Crystal Reports, BPC, TRM, SEM Banking)
      • Moody’s Analytics (especially ImpairmentCalc™ as well as IFRS 9 and CECL Impairment Calculation, and Economic Scenario Generator)
      • Oracle (especially Business Intelligence and reporting modules)
      • SAS (including Advanced Analytics, Business Intelligence & Analytics, Cloud Analytics, Customer Intelligence, Data Management, Decision Management, Fraud & Security Intelligence, Performance Management, Risk Management, Solutions for Hadoop, Supply Chain Intelligence)

      In addition to this, we have acquired extensive practical experience with the matrix-based MATLAB language complemented by additional knowledge regarding numerical algorithmic programming.

    • Our services at a glance
    • Implementation Solutions
    • Work together with us to develop a strong culture of compliance to meet complex demands

      Companies in the insurance sector will be increasingly required to align and re-align their entire organizations with new compliance regulations on an ongoing basis. Insurance companies with a functional "compliance organization" meet regulatory requirements, while also minimizing their risks of financial and reputational damage. Our solution portfolio includes early-detection systems for typical compliance risks with a focus on prevention. We help you achieve transparency and meet the conditions required to consistently analyze damages incurred to allow for continuous improvement processes. And Finally, elemental building blocks of our services include fine tuning of the Internal Control System (ICS) as well as encouraging an ethical corporate culture.

      When it comes to solving these issues, we are your specialized partner with an integrative mindset. We use our interdisciplinary expertise to support you with individual issues and in implementation of enterprise-wide compliance management systems with a consistent data infrastructure. We assist you in establishing a culture of integrity with a binding code of conduct. We ensure the functional and technical connection of all necessary qualitative and quantitative factors, and create clearly defined processes, competences and responsibilities. At the same time, we introduce a binding compliance framework and ensure a transparent flow of information. With our risk-oriented audit-related approach, we comprehensively cover the full compliance context including accounting, risk management, governance and reporting.

      Our services at a glance:

      • Comprehensive hazard and risk analysis (fraud, MLA, compliance with other regulations such as MaRisk), determination of loss potentials and definition of potential functional and technical countermeasures
      • Comprehensive advisory services on selected compliance issues
      • Development of manuals, coaching, training measures or seminars
      • Development of methods and systems to support the compliance organization (e.g. problem pattern recognition to prevent money laundering)
      • Investigations (forensic services)
      Our wide range of services provides you with measurable added value in the following forms:

      • Significant reduction of damages
      • The effective and efficient limitation and control of risks
      • A company culture characterized by integrity
      • The utmost regulatory compliance with the greatest possible process efficiency
    • We design transformation processes through to full IT implementation. With regard to technical implementation in the compliance environment, we rely on longstanding expertise and standard applications from renowned partner companies as well as our own industry-specific developments.