Program: Solvency II
Case: Solvency II introduced a new, EU-wide harmonized insurance regulatory regime. Compliance to the regulation is conditional for maintaining the license to operate as an insurance company (granted by country regulators). It requires integrated governance and increased control over risk and liability models, operational risk management and financial reporting & disclosure.
In scope of Insurance International Program were the 9 international European business units and the regional HQ. It reported into the ING Insurance group program. In addition, the program foresaw in an extensive regionally shared IT program.
In 2011 a strong fundament was set for the automation of the risk model calculations and the Solvency II reporting & disclosure processes (50+ regulatory reports as prescribed by EIOPA). Together with the implementation of all underlying hardware, including a High-Performance-Computing (GRID).
In 2012 the business units in the region and regional head-office completed the full set of initial or draft IMAP application documents to the Group regulator (DNB).
“The quality and the completion of the initial or draft IMAP application package for the European region, already in 2012, was a highly-appreciated success. With his strong stakeholder and people management skills Bart played a key role in closing the gap between the regional headquarters and the international business units and turning our program in a well aligned delivery team.”