Milliman - STAR Solutions VEGA
Type of System
- Economic capital aggregation
- Risk management
- Data management
- Internal/external reporting
- Spreadsheet risk management
- Governance, risk, compliance (GRC)
Type of platform
Other features - the offering facilitates:
- Solvency II standard formula
- Solvency II internal model
What are the typical implementation costs?
Three to six months
Please name companies that use the system/solution
Credit Agricole Assurances, FNMF, Europ Assitance, SCOR
Most recent significant update:
Updated complete set of QRTs, XBRL taxonomy, dashboard module, ORSA calculation (solvency ratio projection at future dates), availability on cloud, automation of the production of bespoke reporting and availability on tablets
Planned future enhancements:
National specific templates, ERM module
How does your solution integrate with third-party systems or in-house systems?
Vega is compatible with any system
What is the key attribute of your product(s) that differentiates it from your competitors?
Vega is the only software on the market with a catalogue of more than 100 standard reports of analysis and comparison for the use of actuarial, financial and top management services within insurance companies.
Vega automates the production of bespoke reporting for management purposes, internal communication or / and regulatory requirements (SFCR for instance).
Vega’s self-service module allows the user to create dynamic reports, charts and graphs in a few clicks in the web interface. Vega is an intuitive and easily scalable solution. There is the possibility to add data, indicators, reports and bespoke developments. Vega offers low cost licensing and low cost integration.
VEGA: Standard formula calculation, ORSA calculation, reporting, analysis, comparison + full QRT reporting = ready to go within 3 months