The fastest way to full Solvency II compliance
The OOliba solution includes the tried-and-tested Standard Formula model allowing you to reliably calculate your Solvency Capital Requirement. Depending on your needs and the complexity of your business, a range of other actuarial models are available: Market risk, Best Estimates Non Life, Health, Workers compensation, ORSA, etc.
The integrated OOliba solution ensures complete client confidence through all secure data, models, runs and codes used in the process regardless of their origin. All information is referenced, versioned and archived in its secure database. The dependencies behind each run are individually and can be easily traced back and made available to national authorities if required.
OOliba is not a “black box” solution but a user-friendly graphical and hierarchical environment incorporating representations of models and calculations. The client or authorized user can drill down to the latest detail or calculation level for personal confidence and data verification.
OOliba provides a variety of outputs. Generate your Quantitative Reports Templates (QRTs) in both xlsx or XBRL formats. And display various standard management reports as required. The output data files can be easily integrated or imported into any client’s third party reporting system or data warehouse via efficient and secure xlsx,csv, xml or rdbms tranfer, etc.
Eager to get rid of manual Solvency II dedicated projects to be executed annually or even quarterly? The OOliba platform models your entire Solvency II needs and processes. As SCR calculation alone may not sufficient, a number of additional calculations and actions may be required (approvals, requests to upload files, etc.) from various departments. By clicking a single button OOliba ensures your complete Solvency II process is executed correctly in an automated way, year after year.
OOliba’s Software can also be delivered as a Service (SaaS) requiring no IT expertise or additional internal investment. Your dedicated application will be hosted and maintained by the OOliba team (including new functionalities and further evolution of the EIOPA specifications). There is no additional hardware or software to purchase or maintain making the OOliba implementation fast and effortless.