New guidelines require new measures.
Based on the minimum requirements for risk management in insurance companies (MaRisk VA), "MaRiX" enables the design of IT landscapes and processes conforming to the guidelines introduced at the beginning of 2009.
The introduction of the principle of proportionality allows and requires an application, that can be flexibly and individually customized to the individual needs of a company. This applies particularly to the scope, level of detail and complexity of risk management.
The core functions of MaRiX fully satisfy all MaRisk VA guidelines. These include:
- performing calculations and creating reports
- Documentating risk management and
- Ensuring transparency and traceability.
Evaluation according to guidelines.
With MaRix, balance sheets and profit and loss accounts are projected for five years extrapolating from past scenarios.
As a result, risk-bearing capacity and venture capital are for instance evaluated by simulating the risks according to MaRisk VA, value-at-risk calculations (VaR), solvency regulations and Risk Map analysis.
A risk report according to § 55 c VAG is generated in the summary containing detailed information, tables and graphics for each field of risk.