Milliman Solvency II Compliance Assessment Tool
Milliman’s Solvency II Compliance Assessment Tool (S2CAT) is a cloud-based platform that helps insurance companies assess and maintain compliance with the EU Solvency II Directive. It offers self-assessment questions, regulatory libraries, QRT templates, and audit functionalities to support compliance efforts.
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Milliman Solvency II Compliance Assessment Tool Overview
Milliman’s Solvency II Compliance Assessment Tool (S2CAT) is a cloud-based platform designed to assist insurance companies in assessing and maintaining compliance with the EU Solvency II Directive. The tool simplifies complex regulatory requirements into digestible self-assessment questions, enabling insurers to monitor compliance across all three pillars of Solvency II. It provides a comprehensive library of regulations, amendments, and Quantitative Reporting Templates (QRTs), ensuring that users have access to the most up-to-date information. Key features include detailed assessments with direct links to relevant legislation, reporting and audit functionalities, workflow management, and a user-friendly interface that facilitates organization-wide data gathering. S2CAT supports both life and non-life (re)insurance companies in creating an audit trail of completed work and developing actionable plans for future compliance efforts.
Features
Comprehensive Self-Assessment Framework
Integrated Legislative References
Robust Reporting and Audit Capabilities
Collaborative Workflow Management
Milliman Solvency II Compliance Assessment Tool Pricing Overview
Milliman Solvency II Compliance Assessment Tool Score
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FAQs
It is a cloud-based platform designed to help insurance companies assess and maintain compliance with the EU Solvency II Directive by providing self-assessment questions, regulatory libraries, and QRT templates.
Yes, S2CAT is suitable for both life and non-life (re)insurance companies, enabling them to monitor and assess their compliance across all three pillars of Solvency II.
Yes, Milliman offers a free trial of the Solvency II Compliance Assessment Tool, allowing organizations to evaluate its features and suitability for their needs.
While S2CAT is designed to be user-friendly, some users have reported challenges with integrating the platform into their existing internal systems and workflows.
Milliman provides various support options for S2CAT users, including documentation, webinars, and direct contact with experts to assist with implementation and ongoing use.
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