VEGA


VEGA - Splash Screen

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Milliman STAR Solutions - VEGA® brings together real-world, hands-on Solvency II migration experience with rock-solid, state-of-the-art IT to create the most robust, powerful analysis and reporting solution on the market today.

The Milliman STAR Solutions® suite helps address the extent and scope of the impact of the Solvency II directive. Solvency II affects many of the operations and reporting that are at the heart of the insurance business: pricing, underwriting, assessment, risk management, assets management, internal and external reporting, and more.

Milliman STAR Solutions - VEGA is a multi-user, multi-site tool for the production of the Standard Formula SCR.

VEGA’s functionality includes the calculation, reporting, and workflow that are essential for a secure production of the Standard Formula SCR and regulatory reporting. A web-based interface allows all stakeholders involved in the production, analysis, and validation (risk department, actuarial department, finance department, and management) to get a detailed and/or global vision of the whole operation.

In addition, VEGA:

  • Strongly limits the operational risk associated with using other spreadsheet software by securing data flows, calculations, the audit trail, and the production of internal and regulatory reporting. VEGA replaces the Standard Formula spreadsheet produced by CEIOPS for QIS5.
  • Offers multiple and user-defined analysis dimensions to permit analysis and reporting at different levels within the company.
  • Includes the latest generation of graphics functionalities and enables the automation of regulatory reports (e.g., QRTs) as well as customized reports.
  • Facilitates the validation and analysis of the results thanks to an audit trail that can be viewed at a very granular level.
  • Facilitates governance, control, and transparency in the production of new regulatory returns thanks to a centralized and secure calculation process.

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