InsuWiz

InsuWiz has been designed keeping in mind the specific needs of the Insurance industry and the need to meet Solvency II norms. InsuWiz can estimate fairly accurately the capital adequacy necessary for a particular type of transaction at the 99.5% confidence level as prescribed by the European Insurance & Occupational Pensions Authority (EIOPA) or any other level desired. This is done on the basis of the insurance company’s empirical data. InsuWiz has, therefore, to be customized to a client’s specific experience and requirements. CreditWiz+ and CreditWizVar are then deployed to assess the fair market value of the company’s investments in line with the market data and estimate the gap, if any, between the required capital and what is available.

Riskontrol is in a position to undertake the Solvency II implementation at insurance companies in a very cost-effective and time-bound manner since many industry regulators have prescribed definite deadlines. For more information write to