Solvency II Pillar I Questionnaire NameEmail AddressCompany Name / Description( If you are not allowed to say your company name, could you describe the type of business Life / Non-Life etc)Home CountryWhat kind of solution do you have?Workbook (Excel based)Software PackageNothing Internally (Outsourced)OtherWhich of the following best describes your current licensing arrangementInternally built solution & internally maintained (no ongoing license in place)External built (e.g. purchased from consultancy) & internally maintainedExternally built & externally maintainedOther - please provide detailsIf possible please provide name of external party (ie consultancy)What would you require from us to get internal approval to move to Tabular (for Pillar 1)?A version of Tabular P1 for internal testingAssurance from a Consultancy/Audit firm that Tabular P1 conforms to current regulationsImplementation Support (eg consultancy partner of SIIS with experience in implementing Tabular Pillar 1)Liability protectionRegulatory / Consultancy supportOther / Further Details0 / 100What level of additional (consultancy/implementation) support would you envisage requiring in addition to the Tabular Pillar 1 software?Initial implementation projectAd-hoc implementation projects as Sii rules change (e.g. 2020 Sii Review), or internal processes changeAd-hoc queries on interpreting regulations(implementation support would come from a third-party consultancy partner of Solvency II Solutions)Other / Further Details on Implementation SupportWhat external or internal roadblocks would you have to changing system?I'm committed to a long license (2 years + )Existing Pillar 1 agreement is part of a wider strategic arrangementExternal approval needed (regulator, auditor, other)We don't have capacity to test a new solution internallyWe would lose access to consultancy support (bundled with current product)We would lose functionality from existing Pillar 1 solution (e.g. actuarial calculations)What does your current solution cost? - A) Software License CostsB) Support CostsIf you were to take up our Pillar 1 module, how many additional Tabular users would you have?How often do you calculate your SCR?YearlyQuarterlyOtherPlease specifyWhere your SCR is calculated more frequently than annually, is that a full re-calculation each time or a partial re-calculation?FullPartialPlease specify which components of the SCR are fully re-calculatedWhich method do you use for risk margin calculation?Method 1 - approximate the individual risks or sub-risksMethod 2 - approximate the whole SCR for each future year, using the ratio of the BE at that future to BE at valuation dateMethod 3 - approximate the discounted sum of all futureSCR in a single step, using the modified duration of the insurance liabilitiesMethod 4 - approximate the risk margin by calculating it as a percentage of the BEOtherPlease specifyDo you consider than the risk margin calculation could be fully automated for your company(ies)?YesNoFurther DetailsDo you use a partial internal model?YesNoFurther DetailsIf so, which technique(s) do you use for integrating the PIM and SF resultsDelegated Acts Art 239(1) i.e. default integration techniqueas per Annex IV factors and matricesDelegated Acts Art 239(2) - Annex VIII Integration technique 1Delegated Acts Art 239(2) - Annex VIII Integration technique 2Delegated Acts Art 239(2) - Annex VIII Integration technique 3Delegated Acts Art 239(2) - Annex VIII Integration technique 4OtherOther, please specifyIn addition to the SCR calculation results and QRTs/NSTs; are there any additional reports that you can envisage being deriveable from the combined S2 model?R&AActuarial reportRSR/SFCR (components other than the embedded QRTs)National regulator specified additional report (other than NSTs)OtherOther, please specifyPlease indicate which type of validation/consistency checks you feel will be most useful in identifying errors in the combined S2 model data?Consistency checks between SCR calc result and QRT (eg SCR market capital requirements and S.26.01 discrepancies)Consistency checks between S2 model inputs (eg regions with SCR CAT risk exposures should be consistent with locations of risk used in SCR non-life premium and reserve moduleCorrectness validations with Sii rules (eg CIC 3 asset should not be in scope for counterparty default module)Consistency checks versus previous SCR calculation (eg compare module, sub-module results with those of previous return)OtherOther, please specifyWhat other information about the model would be beneficial for usage/review?Summary report of (all or the main) configurations (eg. which simplifications have been selected; which risk marginn calculation type has been selected, the value of the symmetric adjustment etc.)OtherOther, please specifyFor (internal or external) review of the SCR result and reporting, which of the following best describes your requirements for visibility into the model "workings"Full linkage for every result data point and value back to the original source(s) and the intermediate sources and calculation stepsAll output tables, intermediary tables and input tables but actual calculations applied not necessaryAll output tables and input tables onlyOtherOther, please specifyHow important is ORSA/Pillar 2 functionality as an extension to the Tabular SF SCR calculation in your assessment of taking this up?CriticalVery importantNice to HaveNot relevantOtherOther, please specifySubmit Answers
