Use case: Helping FINMA introduce new risk models for the Swiss Solvency Test

Context:

FINMA wants to introduce new standard models for market, credit and insurance risks to the insurance industry. This new approach is highly quantitative and technical and is difficult to implement in practice.

Objective:

Allow insurers to compute their SST capital based on these new models in a way that promotes industry acceptance.

Technologies:

  • R, Shiny
  • SCALA

Solution:

An open-source R software that allows to easily compute the solvency capital based on a convenient Excel input template.
The solution was implemented in record time and was successfully deployed over more than 100+ IT systems. Therefore, the regulation was successfully adopted by the market.

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