Solvency II IT Vendor Spectrum

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9 June 2010


Solvency II brings drastic changes to the way prudential capital is calculated, but for insurers, the main impact is not just in its quantitative elements. With Solvency II, the regulator also emphasizes the qualitative dimension through pillar 2 and, to a certain extent, pillar 3.

In this report, Solvency II IT Vendor Spectrum, Celent looks at vendor solutions that might be identified as key elements for implementation by insurers to improve their risk management framework and comply with Solvency II.




Economic Capital, Risk Management, and Solvency II

Aon Benfield

S2Metrica and ReMetrica

Barrie & Hibbert



Insurance Optics/Financial Risk Intelligence


Valdys Internal Control and Assuretat


FRSGlobal Risk Pro and RegPro Solvency II Solution


IBM Solvency II Solution Framework


Informatica Platform composed of PowerCenter, PowerExchange, Informatica Data Quality, and Informatica MDM

Intuitive Collaboration GmbH


Kamakura Corporation

Kamakura Risk Manager

Moody’s Analytics

Fermat Solvency II


Governance, Risk & Compliance (GRC), Business Objects Business Suite, and Business Planning & Consolidation (BPC)

SAS Institute

SAS Risk Management for Insurance

SimCorp A/S

SimCorp Dimension

SS&C Technologies

PTS (Insurance)


iWorks ERM


Sword Operational Risk for Solvency II, Sword ERM for Solvency II, and ORIC

“Insurers need to define a clear roadmap to get ready for Solvency II before selecting which IT vendors to work with,” says Nicolas Michellod, Senior Analyst with Celent’s Insurance Group and author of the report. “Solvency II is not just about IT alignment; it also relates to various resources. However, insurance companies that neglect the importance of IT alignment in the frame of their Solvency II preparation program will be less inclined to gain competitive advantage.”

This report provides detailed descriptions of IT vendors and their offerings in each category of the Solvency II IT layers. Some vendors offer multiple solutions that can cover one or more areas of Solvency II, while others have a unique solution covering specific functional elements.