Risk & Compliance

Ensurees to contact for this module:

Client key questions

How to implement ever increasing legal & regulatory requirements?

Ensur helps clients assess the impact of new legislation on processes and operations; adapt processes and operations accordingly; identify the business opportunities in new legislation; get inspiration from other companies which are confronted with the same legislation.

How to embed the Risk Management function in the daily business?

Ensur helps clients move risk controls as much as possible to the first line and incorporating them formally into business processes; develop and install follow-up and governance around these controls; provide communication and training to the business people who execute and report the controls.

How to professionalize the Compliance function?

Ensur helps clients assess their current Compliance function against market practices; design and implement a Compliance Target Operating Model, combining and linking strategy to processes to underlying architecture.

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References

Please select the reference you are interested in

MIFID II IMPLEMENTATION @ BE INSURER
SOLVENCY II, PILLAR III IMPLEMENTATION @ BE INSURER

 


 

MIFID II IMPLEMENTATION @ BE INSURER
Ensur has analysed how MIFID II will affect the client strategy and operations and helped them understanding the commercial implications.

 

Client issues & objectives

  • Design and Implementation of a new mobile sales tool (iConsult), taking into account
    1. Business vision developend by Sales
    2. Legal requirements: AssurMiFID
    3. Process optimisation & efficiency improvement
    4. requirements set by the Operations department
  • Decomissioning of old front office tools
  • Integration with Contract Management Systems

Ensur roles & Deliverables

  • Support internal people with analysis work
  • Overall delivery responsibility for business and functional analysis documents + alignment with external software provider
  • Steering of internal resources + facilitation of workshops
  • Support of internal PM: planning, project coordination, provide insight on details and content of different streams
  • Test planning and coordination of delivered functionalities
  • Follow up internal developments by IT

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SOLVENCY II, PILLAR III IMPLEMENTATION @ BE INSURER
Ensur was involved in the Solvency II, Pillar III implementation at a Belgian insurer and managed to deliver the reporting policy, reporting calendar and reporting manual.

 

Client issues & objectives

  • Replacing the non-life insurance systems by a new solution, Keylane’s non-life package (QIS)
  • Design and implementation of a Proof of Concept of the system
  • Ensur participated in the bid as the local insurance consultant

Ensur roles & Deliverables

  • Bring in local insurance expertise during the design phase
  • Transform business requirements into application design
  • Configuration of the product and execute pre-user testing
  • Roll-out support

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