This course provides an overview of SAS Federated Risk for Solvency II. The course will cover an introduction to the Solvency II regulations and how they relate to insurance companies. The class will also show in detail the creation of Instances, which provide necessary reports, creation of Federated Areas, and job flows. There are also included summaries of default job flows for a variety of risk areas related to different types of insurance and other potential solvency capital requirements. Students will be introduced to the Yoaqiang BPMN Editor in order to build Job Flows. After taking this class the student will have a solid overview of SAS Federated Risk for Solvency II.

Who should attend

Students interested in Solvency II regulations and how they relate to insurance companies

Formats available	Standard duration
Classroom:	3.0 days

Students should be familiar with the insurance industry, particularly in relation to Solvency II. There are no prerequisites for use of the software, though.

This course addresses SAS Risk Management, SAS Firmwide Risk for Solvency II software.

Introduction to SAS Firmwide Risk for Solvency II 3.1

• provide a high-level description of SAS Firmwide Risk for Solvency II
• review the Solvency II directive

Solution Architecture

• describe the SAS Firmwide Risk for Solvency II architecture
• explain the ETL process
• define the Landing Area data model
• describe the server structure for SAS Firmwide Risk for Solvency II

Basic Concepts of SAS Firmwide Risk for Solvency II

• explore a job flow
• explain what a federated area is

The User Interface

• describe the user application for SAS Firmwide Risk for Solvency II
• create an instance
• examine the job flow created by the instance
• identify the components of the report-generation process
• review the results of an instance job flow

Solvency II Workflow and Dependencies

• explain the workflow and dependencies of SAS Firmwide Risk for Solvency II
• list the steps in a workflow
• provide the steps to edit a table in an instance job flow
• identify the available logs for SAS Firmwide Risk for Solvency II
• edit the SAS Firmwide Risk for Solvency II web application log output

Data and Data Structures

• discuss advanced features of the federated areas
• describe the components of the landing area data model
• view and examine the report templates for SAS Firmwide Risk for Solvency II
• describe the macro variable load facility

Creating and Modifying Elements

• create a new federated area
• create a job flow
• redefining a node
• redefining a flow

Accounting Data

• discuss key functionalities of accounting data
• introduce and define relevant data structures
• view the process of calculating and processing the accounting data
• discuss the granularity of the GL and non-GL data

Relevant SCR Data Structures

• discuss different SCR data structures