Experience is Key
Lux is a key partner to more than 20 companies in various EU jurisdictions in assisting in the implementation of Solvency II and ERM in an efficient and value adding manner. Our involvement spans all three pillars of this regulatory framework.
We built models and online tools to carry out all quantitative calculations to help reduce reliance on spreadsheets and provide an effective audit trail.
Risk Management is core to compliance with Solvency II. We provided training and detailed guidance for the documentation of risk policies, articulation of risk appetite and implementation of a risk management framework for these insurers of varying profiles.
For Own Risk and Solvency Assessments (ORSA), Lux built the models to carry out financial and solvency projections and provided training in utilising these models in-house for forward looking assessments. We assisted in the preparation of ORSA policies and ORSA reports, maintaining close working relationships with clients and regulators and making sure we addressed all items falling under this new requirement.
For Solvency II and ERM, experience is key.