The regulation of insurers is also constantly increasing and the increasingly demanding challenges often cannot be met without the help of a service provider. For more than 65 years, vwd has acted as a reliable partner for the financial industry and supports national and international insurance groups in meeting the constantly changing demands of the future.
One elementary topic of recent years has been the PRIIP Regulation, which has been in force since 2018 and also includes insurance investment products (IBIP for Insurance-based Investment Product). For example, easily understandable consumer and cost information must be made available for the respective insurance tariff and, where applicable, for the possible investment options.
The regulation provides for a wide variety of implementation channels. IBIPs with different investment options are referred to as multi-option products (MOPs). Insurers have the choice of implementing the regulatory approach according to Article 10a or 10b.
In order to meet these and other requirements as efficiently and automatically as possible, we offer an outsourcing service from conception, implementation and data provision through to delivery of the required documents. As a full-managed service, our solutions naturally include continuous monitoring and updating of data, legally compliant calculations (e.g. according to the PIA model) and automated provision of documents.
As a service provider with a comprehensive product portfolio, we meet your requirements holistically and yet as modularly as in an individual solution. Based on the vwd template manager, we offer the option of defining the service level yourself, especially for insurance companies. Whether as a calculation service, full service or just to efficiently and legally master the creation and document management. Thanks to various document modules, the vwd template manager enables you to create all relevant publications on a consistent database in a process-reliable and automated manner.
Take advantage of our expertise as a certified outsourcing provider of risk analyses and evaluation services. We take over the legally compliant calculation of risk indicators, performance scenarios, transaction costs and much more.
Our colleagues from the Regulatory & Calculation Solutions department will be happy to answer any questions you may have about the vwd PRIIP service.
Phone: +49 69 50701-288