During the 2012 edition of the RiskMinds Insurance summit held in Geneva Switzerland, associate sponsor of the event, Oracle, presented their newest product : Applications for Risk and Solvency II Compliance.
This new software product is the latest addition the Oracle Financial Services Analytical Applications suite of products, and is aimed at helping businesses better manage their capital and achieve better financial results when facing Solvency II. This range of products gives insurers a view of risk across areas including insurance, market, operational, credit, liquidity and underwriting.
Glenn Lottering, Senior Director EMEA at Oracle Insurance, presents the three main challenges the sector faces when dealing with regulation : regulatory uncertainty, the complexity of the Solvency programmes and the general data governance.
Brian Heale, Senior Director at Oracle Insurance offers to discover the solution overview with the Oracle Quantitative Management and Reporting for Solvency II, the Oracle Insurance Data Warehouse, the Oracle Insurance Operational Risk, the Oracle Insurance Operational Risk Economic Capital, the Oracle Insurance Market Risk, and the Oracle Insurance Market Risk Analytics.
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