Letting the database do the hard work

Letting the database do the hard work

The client

A large UK Life company looking to improve its valuation processes and meet reporting deadlines.

The challenge

  • Missing quarterly Solvency II deadlines due to manual steps in the valuation process.
  • Reporting mechanisms unwieldy and no centralised source to assess data quality.
  • Urgent need to be ready for forthcoming regulatory and reporting changes.

What MBE did

  1. Implemented a data repository for managing model points, assumptions, manual adjustments and results.
  2. Developed approval functionality to provide a full audit history of the data.
  3. Mapped end-to-end data flow to improve visibility, identify complexities and future- proof the system.
  4. Changed the team structure to reduce the bottlenecks and hand-off points.

The results

  • Greater automation of key controls in the valuation process resulting in increased team capacity at all levels.
  • Increased accessibility of data and more visibility of controls.
  • Reduced operational risk as data can be traced and audited.
  • Less need for data maintenance.
  • Greater scope for scaling up the valuation process.
  • Increased focus on key operational issues.

Get in touch






    UK +44 (0)1737 735 563

    SA +27 (0)21 527 0041

    Get in touch









      UK +44 (0)1737 735 563

      SA +27 (0)21 527 0041