• Performance of earnings value analyses of insurance portfolios
• Due diligence
• Preparation of actuarial reports and assessments
• Corporate planning for all divisions
• Personnel support in the event of capacity bottlenecks in the actuarial field
• Evaluation / Analysis of reinsurance programs, including financial reinsurance
• Assumption of role-outsourced tasks of the risk management function or the actuarial function

Studies
We prepare complete ALM studies in close cooperation with the concerned departments or support the customer-specific development of a tailor-made ALM model, both for life and health insurance, as well as for property / casualty insurance. The expertise of ROKOCO enables efficient consideration of the insurance-regulatory specifics. For the simplest, but simultaneously highest quality support of the ALM modeling, ROKOCO additionally offers suitable software.

Simulations for Personal Insurance
PLA.NET has been developed by ROKOCO for ALM modeling of life and health insurance. With the standard model, results can be achieved very quickly. Because of the modular design, custom adjustments can easily be made to accomodate a company’s individual needs. As diverse as the range of results is, the benefit of asset liability management with regard to the clarification of complex issues through targeted analysis for sound support of management decisions.

Simulations for Property / Casualty Insurance
For property / casualty insurance companies wishing to support their risk analyses, reinsurance analyses and corporate planning with reliable simulations, we offer a tried and tested planning tool that takes German and Austrian financial reporting standards into account.

Due to the high level of detail across all lines of property / casualty insurance (gross, retro, net), PLA.NET including RisKey (predecessor systems: ALM.IT and SERA) enables accordingly detailed analyses, particularly in the implementation of actuarial validations or integrated profit and loss statement projections and balance sheet projections (annual financial statement management, calculation of key figures). This allows for a complete and transparent overview of future risks and corporate developments.

On this basis, it is possible to investigate the impact of management decisions or market changes on the income statement and balance sheet, asset allocation, solvency / results of stress tests and equalization reserves.

Software
In order to calculate the key figures for the key information document (KIDs) required for PRIIP, it is necessary to replicate the respective insurance product in a system and then project it into the future using capital market scenarios. The stand-alone tool PRIIP-PLA.NET allows for a structured and revision secure IT environment to implement this process. Naturally, the module PRIIP-PLA.NET can also be used by current PLA.NET users within their usual work-environment.

Scenarios
The PRIIP-ESG by ROKOCO Predictive Analytics can be used to independently generate the required scenarios. The basic version of the web app can even be used free of costs. Alternatively, the scenarios can be ordered as a data service. (See „Data Science -> PRIIP-ESG“)

Support
ROKOCO is happy to assist with the development of a PRIIP-process or with dividing up the work-flow. On these topics we gladly function as sparring partners, training provider for the technical models or as an “extended work bench”. ROKOCO is able to utilize experiences with the PRIIP categories 2, 3, and 4 and supports with tools and consulting.

• Development of internal models for a risk capital calculation
• Quality assurance / optimization of existing procedures and processes
• Quality assurance and testing of models
• Validation of data, models and results according to the Solvency II guidelines
• Support of model certifications

Solution II – Development of ERM (Enterprise Risk Management)
ROKOCO’s “Solution II“ provides a standardized process model for establishing integrated overall enterprise risk management. The overall model takes into account both the organizational development framework as well as the organizational workflow framework. This creates a uniform database for risk management, action management and reporting and documentation requirements. With this, you are provided with a basis for integrated and targeted risk management that not only meets the regulatory requirements, but also your own requirements.

We are happy to assist you in setting up ERM with, for example, the help of a GAP analysis, accompanying workshops and conceptual advice for a targeted implementation.

RisCo2 as a Platform for ERM
This approach is supported technically by our standard software.

The component for the risk capital-based solvency calculation consists of a platform on which RBC models are individually stipulated. We preset and deliver established standard market procedures, which can be used at any time as a benchmark for your own, internal model. Having this foundation, the development of an internal model is greatly facilitated. In addition, the structuring of a limit system is flexibly supported.

The modular composition of the risk structures makes it easy to assemble new models from both existing and newly developed components. In this way, a gradual transition from a standard model to an internal model is supported (partial-use option). The report generator offers the possibility to not only generate preset, standard reports, but also customized reports and evaluations for particular departments, controllers, committees, auditors or other external agencies.

Benchmarking / Customized Balance Sheet Analysis
ROKOCO offers competitive strategic advice based on balance sheet analyses. The level of consideration pertains not just to individual insurance companies, but also, in an aggregated view, to insurance conglomerates or virtual groups, all based on a historically structured database of key figures.

The basis of these evaluations are the data from the complete HGB annual financial statements published in annual reports, and the SFCR reports from approximately 95% of German life, health and property / casualty insurance companies (complete balance sheet and income statement, inventory shifts, information on the lines of business and supplementary information from the SFCR).

The possibilities for the evaluation of common as well as specific key figures, including from a group perspective, are almost unlimited and are particularly enlightening over the course of time.

Our consulting service lies in the evaluation and interpretation of data:

• Strength and weakness analysis of an individual company as well as its competitors
• Benchmarking to defined observation units: main competitors or virtual groups
• Ranking / Analyzing positioning under cost and differentiation aspects
• Strategic goal derivation to improve individual positioning
• Support of merger considerations through targeted evaluations

Insurance securitization is increasingly complementing reinsurance‘s classic product range by extending the available coverage capacities of the reinsurance market to those of the capital market. The regulatory cornerstone for the formation of the first German insurance special purpose vehicles has already been laid in the VAG (German insurance regulation). We can only assume that the importance of insurance linked securities will increase in the future.

Structuring of Securitization Transactions
Although global (re)insurers, special purpose vehicles and specialists have been active in the insurance linked securities (ILS) segment for quite some time, from the point of view of small and medium-sized primary insurances this is still a relatively new field in which, next to actuarial know-how, transfer of knowledge is required. ROKOCO provides professional support of your ILS project from the first idea of a “placement“ or a transfer of technical risks to the capital market, in the concrete planning and structuring of the project through to a prudent execution of a securitization transaction.

Analysis of the Risks of Securitization Transactions
When setting up an ILS transaction, it is essential for each involved business partner to identify all inherent dangers from their own perspective in order to avoid being blinded by the advantages of this alternative instrument (insurance company) or from the income opportunities (investor). This requires as much knowledge as possible in this area of expertise. We are happy to assist you as an independent expert with our Risk Management Services.

• The transfer of portfolios requires business plans to be in line with BaFin.
• The interfaces to peripheral systems must be technically described and assimilated (for example, to the data warehouse or ALM system).
• As part of the migration, the overall number of planning systems can be reduced if the target system provides the necessary functionalities to enable this (for example, the calculation of the additional reserves). If such peripheral systems exist, these must be taken into account in the migration program.
• If the old system is no longer to be used after the migration and it was not possible to integrate all of the contracts into the target system, a concept for streamlined “special administration“ has to be developed and implemented.
• When it comes to actuarial challenges in the above-mentioned context, we are happy to help – just get in touch with us regarding portfolio migration. ROKOCO would be pleased to accompany you in your project!