Case Study: PREPAR-VIE achieves faster Solvency II reporting with IBM Algo Financial Modeler

Gearing up for Solvency II with advanced stochastic modeling

PREPAR-VIE, a life assurance company, faced the challenge of efficiently calculating its solvency capital requirement (SCR) under the Solvency II Directive. Lacking a formal asset-liability management solution, the company needed a new approach to perform the required stochastic projections. They turned to vendor IBM and its IBM Algo Financial Modeler product to address this challenge.

IBM implemented a solution that enabled PREPAR-VIE's actuarial team to build a stochastic model covering 1,000 stress scenarios. This allowed them to determine the future value of assets and liabilities and simplify regulatory reporting. The IBM solution provided a 20 percent increase in computation speed compared to a competing product and enabled the company to meet its Solvency II obligations.

PREPAR-VIE

Céline Rey-Campagnolle

Enterprise Finance Manager