Problem Statement

The client needed to enhance their MRM function to efficiently document ORSA reports and perform gap analysis and remediation of prospective risks.

Solution Approach

Solytics defined the risk profile and:

1. Identified a list of exhaustive potential risks in both the short and long term.

2. Set up the company's risk appetite framework and risk tolerance levels.

3. Helped build models and perform required runs.4. Generated reports describing the company's risk exposure and management processes.

Client Impact

- Developed and maintained the Insurer's own risk and solvency assessment process.

- Implemented a seamless external risk reporting process.

- Collaborated with actuarial, underwriting, and modeling functions to promote model insights for informed business decision-making.

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