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Milliman STAR Solutions - VEGA® brings together real-world, hands-on Solvency II migration experience with rock-solid, state-of-the-art IT to create a robust, powerful analysis and reporting solution.
Milliman STAR Solutions - VEGA helps address the extent and scope of the impact of the Solvency II directive. Solvency II affects many of the operations and reporting at the heart of the insurance business: capital management, pricing, underwriting, risk management, asset management, internal and external reporting, and more.
VEGA is a multi-user, multi-site tool for the production of the Standard Formula SCR and quantitative reporting templates (QRTs). More than a regulatory software tool, VEGA is a decision-making solution that facilitates internal reporting and relevant analysis.
VEGA’s functionality includes the calculation, reporting, and workflow essential for secure production of the Standard Formula SCR and regulatory reporting. A web-based interface allows all stakeholders involved in the production, analysis, and validation (risk department, actuarial department, finance department, and management) to get a detailed and/or global vision of the whole operation.
In addition, VEGA: