Enterprise Risk Management Technology Guide 2023/24

Milliman - STAR Solutions VEGA

Type of System

  • Data management
  • Economic capital aggregation
  • Governance, risk, compliance (GRC)
  • Internal/external reporting
  • Risk management
  • Spreadsheet risk management

Type of platform

  • Cloud
  • SaaS
  • Server-based
  • Web-based

Other features - does your offering facilitate

  • Solvency II internal model
  • Solvency II standard formula

How long does your software take to implement on site?

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


Name: Alexandre Boumezoued

Tel: +33 1 42 99 15 77 

Email: [email protected]