In compliance with Solvency II legislation, insurers are mandatorily required to calculate capital requirements on a regular basis and submit quantitative reports to DNB, which has drawn up guidelines for a data quality framework. Our client was having difficulty translating and implementing these guidelines in its organisation.
We carried out an assessment in which we evaluated the situation, establishing which elements had already been sufficiently fleshed out – and, more importantly – which ones hadn’t. Then we kicked off the implementation process, starting with the basis of every data quality framework. We provided the necessary insights into how the data flows through the organisation, from source to reporting, and set up “rules of the game”: in other words, the policy.
By setting up a data quality framework, our client was able to show that it could confidently rely on the data on which its (management) decisions are based. Moreover, the client was also in full compliance with Solvency II legislation and DNB guidelines.
WHAT CLIENTS SAY
Set up and implementation of a Customer Due Diligence policy
“Making a good start was half the battle”
The challenge facing KAS BANK was to implement a Customer Due Diligence policy and rationalise customer files in a limited timeframe.
In collaboration with ITDS, project manager Marc Brouwer took on the challenge.
A social strategy and implementation for OHRA
“As soon as we were satisfied, they’d raise the bar”
In the space of just a few years the role of Social Media at OHRA has grown from “a nice little extra” to a fully fledged business channel.
Iris Wezenberg – previously Social Media Manager and now Online Service Manager with this Dutch insurer – explains how it all came about.
An international IT strategy and organisational change
“You have to get people onside because not everyone likes change”
In just over 40 years Brunel has evolved from a Delft-based brokerage company into an international service provider employing more than 11,000 people in 37 countries. In many of these countries Brunel used local IT systems, each with its own definitions. To make it all future-proof, all these systems had to be replaced by a single system based on the same standard.
Stefan de Boer, Manager Global IT, tells about the collaboration with ITDS.
RELATED casesShow all cases
RELATED SERVICESShow all services
Risk management receives a lot of attention, from supervisors and in public debate. Logically, the risks you take as an organization can have great consequences for your return, reputation and customers. How do you make risk management work for you? Our Risk experts will be happy to help. Not with a grandiose overall approach, but with concrete solutions that we have developed in practice. And who have proven themselves there.read more
Data Management & Privacy
Bad data can lead to bad decisions. However, how do you keep the quality of data good? By setting up a framework with good control measures you can prevent the creation of incorrect data. That is still beter than curing?